Deals

Deals

MOL increases stake in TVK Petrochemicals unit to 76%

Mol, Hungary's biggest energy company, increased its stake in petrochemicals company TVK Nyrt to about 76%....

Deals

KazakhGold to invest $300 mln to boost output

KazakhGold Group Ltd., a London-listed miner of gold in Kazakhstan, plans to invest $300 mln through next year boosting output...

Deals

KazTransOil to Sell $1 bln of bonds to fund new pipelines

KazTransOil, Kazakhstan's national oil transportation company, plans to raise as much as $1 billion selling bonds this year to fund...

Deals

Eurasia Gold to sell shares in London next month

Eurasia Gold Inc., a Kazakh-based gold miner part-owned by billionaire Viktor Vekselberg, plans to sell shares in London next month...

Deals

Gold, silver rise to 9-month high on demand for inflation hedge

Gold and silver climbed to nine-month highs as a rally in commodity prices spurred demand for precious metals as a...

Deals

CP Holdings of London increases stake in Danubius Hotels to 63%

CP Holdings Ltd., a UK investor, has increased its stake in Hungary's Danubius Hotels Nyrt to 63.1% through a transaction...

Deals

Yukos’ 9.4% stake in Rosneft to be auctioned March 27 – extended

OAO Yukos Oil Co. will lose more than $13 bln of assets as its stakes in state companies are auctioned...

Deals

Lukoil wins EU antitrust approval to buy Conoco gas stations

OAO Lukoil, Russia's biggest oil producer and refiner, secured European antitrust approval to buy 376 Jet brand filling stations from...

Deals

Moscow’s shopping malls may attract more interest than offices

Moscow shopping malls probably will become more attractive to real estate investors than offices and industrial developments, as Russia's consumer...

Deals

Allianz pays $750 mln for Sistema stake to control Rosno

Allianz SE, Europe's biggest insurer, gained control of Russian insurer Rosno after buying a stake held by OAO AFK Sistema...

Deals

EU fines Otis, four other elevator makers for price-fixing – extended

European antitrust authorities fined Otis Elevator Co. and ThyssenKrupp AG, the world's two largest elevator makers, and three competitors a...

Deals

Anglo approached by Russians, others over AngloGold holding

Anglo American Plc's CEO, Tony Trahar, said the company has been approached by Russian investors and other companies over its...

Deals

Lukoil will pay $400 mln for Conoco gas stations in Europe

OAO Lukoil, Russia's biggest oil producer and refiner, will pay ConocoPhillips more than $400 mln to buy 376 Jet brand...

Deals

OTP hires Hungarian central banker Hamecz to run fund

István Hamecz, the chief economist at Hungary's central bank, is leaving to join OTP Bank Nyrt, the country's largest lender....

Deals

Shell, Dow, Eni challenge EU fines for fixing prices of rubber

Royal Dutch Shell Plc, Dow Chemical Co., and two other companies are appealing European Union fines levied against them for...

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...