Deals

Deals

Japan’s Hitachi Transport agrees to buy Czech logistics firm

Hitachi Transport System Ltd. reached a basic agreement Wednesday to acquire Czech logistics and distribution company ESA s.r.o. for an...

Deals

Bombardier to refurbish 56 class 5 coaches for NSB

Bombardier Transportation has been commissioned by the Norwegian State Railway (NSB) to refurbish 56 Class 5 coaches. The refurbishment will...

Deals

Shakeups in US brokerage firms

Morgan Stanley plans to cut 600 jobs after a decline in mortgage-related revenue led to lower Q3 earnings than analysts...

Deals

British Telecom opens new unit in Debrecen, Hungary

Pawel Karlowski, British Telecom’s CEO in the CEE region, announced on Tuesday that the company will increase the number of...

Deals

Global wealth climbs 7.5% in 2006, nearing $100 trillion

Global wealth grew by 7.5% in 2006 to reach $97.9 trillion, measured in local currencies. This increase marked the fifth...

Deals

EU fines four companies for forming bitumen cartel

The European Union fined four companies involved in Spanish road works a total of €183 million ($259 million) on Wednesday,...

Deals

Telekom Austria buys Belarusian MDC

Telekom Austria, the country’s former state-owned telephone operator, has acquired Belarus’s second-largest mobile phone provider MDC for €1.05 billion ($1.49...

Deals

Telekom Slovenije attracts 15 bidders

Slovenia’s Ministry of Economy has announced that the state received 15 bidders for the acquisition of a 49.13% stake in...

Deals

Parliament approves bill on strategic companies

Hungary’s parliament approved a draft resolution classifying gas and electricity firms as strategic companies on Monday night. All parts of...

Deals

Exxon follows Shell in divesting from South America

Following recent compensation disputes with the Venezuelan government, Exxon Mobil Corporation seems intent on leaving South America and selling its...

Deals

CP Desoutter in move to Hungary

CP Desoutter, a division of Atlas Copco, has announced plans to move the assembly part of its pneumatic power tools...

Deals

Re-nationalizing MOL is a “bad idea”

In Hungary, every investor has to observe the rules of the capital market, the norms of the law, and the...

Deals

Billionaire Usmanov increases stake in Arsenal to 23%

Russian billionaire Alisher Usmanov’s Red and White Holdings Ltd. has bought a further 2% in English soccer club Arsenal FC...

Deals

Londoners put in word on OMV-MOL affair – extended

The outcome of OMV’s attempt to acquire Hungarian oil company MOL Nyrt is totally uncertain, according to the rating of...

Deals

Indian billionaire buys 50% stake in US jet maker

Indian billionaire businessman Vijay Mallya, who runs the United Breweries group, has bought a 50% stake in the US jet...

Deals

Logicor Announces Sale of Operations in Hungary to Sino Logistics

Logicor announced the sale of its Hungarian operations to Sino Logistics. The transaction includes the company's local real estate portfolio...

Deals

Wizz Air Becomes Official Partner of Sziget 2026 Festival

Wizz Air has become the official partner of Sziget 2026, the company announced. Under the agreement, Wizz Air flights will...

MOL Gets U.S. Clearance for Preparatory Steps in NIS Acquisition

MOL has received a U.S. sanctions license authorizing certain preparatory transactions related to its potential acquisition of a stake in...

Serbia Says MOL Deal for NIS Stake Signed; MOL Reports No Disclosure Update

A contract for MOL’s acquisition of a stake in Serbian oil and gas company NIS from Russia’s Gazprom Neft has...

Szentkirályi to Take Over Almdudler Distribution in Hungary From January.

Szentkirályi Magyarország is set to take over Hungarian distribution of popular Austrian herbal soft drink Almdudler on January 1, 2027....

O3 Partners Plans Minority Stake in Impact Ventures Under Strategic Partnership

O3 Partners N.V. and Impact Ventures Venture Capital Fund Management Plc., together with its owner, have signed a memorandum of...

Duna Group Opens Door to Hungarian State Stake in Controversial African Road Project

Duna Group, one of the construction companies that became a major player in Hungary during the Orbán era, remains open...

Continest Expands French Operations With First Strategic Partner

Continest Technologies Plc.’s rental division has established its first strategic partner in France, strengthening the company’s presence and expanding access...

Hungary’s Liwo Group Wins EUR 1.5 mln Slovenian Hospital Contract

The Slovenian subsidiary of Hungary’s Liwo Group has won a public procurement contract to provide comprehensive indoor cleaning and internal...

MOL Signs Agreement With Shell to Buy BG Cyprus in Largest E&P Move Since 2019

MOL Group said Friday it had signed an agreement with Shell to acquire BG Cyprus Ltd., its wholly owned subsidiary....

BME, OTP Join Forces to Strengthen Cybersecurity Education and Research

A new partnership between the Budapest University of Technology and Economics (BME) and OTP Bank aims to connect academic expertise...

BME, OTP Bank Sign Strategic Cybersecurity Cooperation Agreement

The Budapest University of Technology and Economics (BME) and OTP Bank have signed a strategic cooperation agreement aimed at strengthening...

Hungary M&A Activity Rises 16% in 2025, Above Global Average

Merger and acquisition activity in Hungary rose 16% in 2025, outpacing the global and regional averages, according to data compiled...

Logicor Announces Sale of Operations in Hungary to Sino Logistics

Logicor announced the sale of its Hungarian operations to Sino Logistics. The transaction includes the company's local real estate portfolio...

MOL Successfully Concludes Talks With Serbia on NIS Acquisition

Hungarian oil and gas company MOL said it successfully concluded negotiations with the government of Serbia on the conclusion of...

Wizz Air Becomes Official Partner of Sziget 2026 Festival

Wizz Air has become the official partner of Sziget 2026, the company announced. Under the agreement, Wizz Air flights will...

4iG, Northrop Grumman Sign Satellite Deal to Boost Hungary’s Space Capabilities

4iG S&D has signed a multimillion-dollar agreement with Northrop Grumman to develop a geostationary communications satellite under Hungary’s flagship Husat...