Deals

Deals

KBC acquires 92.5% stake in Russia’s Absolut Bank for €761 mln

Belgian bank KBC Group NV said it has acquired 92.5% of Russian bank Absolut for €761 million ($1.036 billion), subject...

Deals

Toshiba to file suit against European Commission for cartel fines

Toshiba Corp said Wednesday that it planned to file a suit against the European Commission for its decision to impose...

Deals

MCW buys 7 shopping centers in Europe for A$571 mln

Austral Macquarie CountryWide Trust has purchased seven shopping centers in Poland and Germany for A$571 million (€351 million) in its...

Deals

Unknown company buys Yukos assets for $138 million

The little-known Monte Velle company paid $138 million for energy assets of Russian oil firm Yukos at a Moscow auction...

Deals

Kóka says: D.Telekom will not sell Magyar Telekom

Deutsche Telekom considers its Hungarian unit, Magyar Telekom, a strategic investment and will not sell its stake to Russia's Sistema,...

Deals

Benetton to build factories in Nagyatád

Italian holding Benetton Group S.p.A. is preparing to carry out a complex factory construction project in Nagyatád, mayor István Ormai...

Deals

German and UK new car markets move in different directions

The continued weakness of the German market in March combined with sluggish demand in other major markets such as France...

Deals

Great Wall Motors eyes foothold in Europe

While some of China's larger automakers intend to leap into the European car market in coming years, Great Wall Motors,...

Deals

SkyEurope ordered five new Boeings 737-700 NG

SkyEurope Airlines announce the increase of total orders for Next Generation 737 jetliners to 26 by converting five purchase rights...

Deals

Report: Russia’s Evraz steelmaker in talks to buy steelmaker Ipsco

Russia's biggest steelmaker, Evraz Group SA, which completed a major acquisition in the US at the start of the year,...

Deals

Hungary’s MOL bid for Montenegro oil firm Bonus not seen as ‘significant’

Press reports that oil company MOL Nyrt is planning to a buy a stake in state-owned Montenegro oil sector company...

Deals

Russia’s Mechel co. files bid for Croatia’s Zeljezara Split

OAO Mechel one of Russia's leading mining and metals companies, said Thursday it has filed a bid for a tender...

Deals

Budget discipline shows effect

According to preliminary data, the state budget deficit, not including deficits of local governments, was Ft 349.3 billion in March...

Deals

KBC takes over Romstal Leasing in €70 mln deal

KBC Lease, part of the Belgian KBC group, finalized the take over of 99.34% of the stock at Romanian company...

Deals

Bear Stearns upgrades Czech Republic, Hungary is downgraded

Bear Stearns upgraded the Czech Republic to market weight from underweight and kept its market weight allocation for Poland, citing...

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...