Wing sells building market leader Market Építő
Hungarian-owned private property developer Wing sold its 51% stake in Hungarian construction company Market Épitő to Garharrt Invest 2014, Hungarian news agency MTI reported yesterday.
The sale price was not disclosed. Market Épitő, minority owned by Sándor Scheer, a private person, had a revenue of HUF 35.5 bln last year. Retained earnings came to HUF 772 mln.
Its new owner, Garharrt Invest 2014, is not yet publically registered as a company.
Market Épitő has been a member of the Wing group for more than 12 years. During those years, the compay’s revenue rose ten-fold and became a leader on the building market.
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