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Vajna requests clearance of TV2 acquisition at GVH

Competition

Magyar Broadcasting Co., owned by government film industry commissioner Andrew G. Vajna, submitted a request on October 16 to the Competition Office (GVH) to clear the acquisition of companies operating Hungary’s second largest commercial channel TV2, the competition office said yesterday in a statement.

The competition office said it gives rulings on acquisitions such as this within 30 days at the latest.

Vajna signed contracts with Yvonne Dederick and Zsolt Simon, the owners of TV2 group, which includes four channels, on the purchase on October 15. However, businessman Károly Fonyó, who is the partner of media magnate Lajos Simicska, claims he bought the channels on October 13, exercising his pre-purchase option rights gained at the end of December 2013; as such, Dederick and Simon were not legally entitled to sell the channel. Online portal 444.hu yesterday reported that it had obtained documents that prove Fonyó’s position.

GVH spokesperson said yesterday that the office has not yet received a request from a group of companies owned by Károly Fonyó to clear the acquisition of the second largest commercial channel TV2. 

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