The board decided on the acquisition of a 51% stake in construction business Mészáros Építőipari Holding as an in-kind contribution and the purchase of a 55% stake in the majority owner of the Mátra Power Plant, Hungaryʼs second-biggest generator of electricity.

Opus Global financed the purchase of the latter with the sale of media company Opus Press, the parent of Mediaworks Hungary, to Talentis Group, which is also controlled by Mészáros. Opus Global realized a nearly HUF 3 bln gain on the deal, the company noted.

The board also decided to take over a HUF 4.36 bln liability from Kall Ingredients, one of the biggest isoglucose makers in the region, as an in-kind contribution.

Shareholders of Opus and listed holding company Konzum will decide on a merger at an extraordinary general meeting on December 3. Merging Konzum into Opus is expected to create a company with a market capitalization of HUF 350 bln-400 bln, calculating with current share prices. The merged companies could generate EBITDA of more than HUF 30 bln in 2019.