Deals

Deals

KBC Securities acquires majority stake in e-brokerage Equitas

KBC Securities, the Hungarian unit of Belgian bank KBC, is to acquire a majority stake in e-brokerage Equitas, which serves...

Deals

Investment fund assets increase 35% to Ft 2,540 bln in 2006

Assets in Hungarian investment funds increased 35% to Ft 2,540 billion at net asset value in 2006, figures compiled by...

Deals

OTP Bank deputy chief executive Zoltán Spéder resigns

The top deputy to OTP Chairman Sándor Csányi, who has spent almost $3 billion buying banks in the region, quit...

Deals

Hungary’s fiscal deficit Ft 2,034 bln in 2006

Hungary's fiscal deficit was Ft 332.8 billion in December, the Finance Ministry announced on Tuesday....

Deals

HTCC buys Invitel for €470 mln to compete with Magyar Telekom

Hungarian Telephone and Cable Corp. bought fixed-line operator Invitel Zrt to compete with former monopoly Magyar Telekom Nyrt, HTCC said...

Deals

OTP Bank deputy CEO Zoltán Spéder resigns – extended

Zoltán Spéder, who has served as OTP Bank Nyrt's top deputy under Chairman Sándor Csányi since 1995, resigned yesterday because...

Deals

Malév may be sold this week

The Hungarian government is expected to announce a winner in the sale of its unprofitable carrier, Malév Zrt, on January...

Deals

State sells property worth Ft 35 bln in 2006

Contracts to sell state-owned real estate worth Ft 35 billion were signed in 2006, Ft 5 billion more than in...

Deals

Concorde buys 5.3% stake in software maker Graphisoft

Concorde, a Hungarian fund manager, bought a 5.3% stake in Hungarian software maker Graphisoft SE, a week after Nemetschek AG,...

Deals

Societe Generale buys Moldova’s Mobiasbanca for €18.4 mln

Societe Generale SA, the third-largest French bank by assets, bought a majority stake in Moldova's Mobiasbanca for €18.4 million ($24...

Deals

Italian investor Alazraki to discuss Alitalia bid

Italian investor Paolo Alazraki said he wants to discuss a recovery plan for Alitalia, the government-controlled airline, with unions as...

Deals

Industrial producer prices up 5.5% yr/yr November

Hungary's industrial producer prices rose 5.5% yr/yr in November, but fell 1.1% from October, the Central Statistics Office (KSH) reported...

Deals

Taiwanese firm to buy Győr unit of Philips

Taiwanese Lite-on IT, a major manufacturer of optical disc drives, said it will acquire a car CD and DVD drive...

Deals

Siemens completes acquisition of Bayer’s diagnostic division

Siemens AG, Europe's largest engineering company, completed its €4.2 billion ($5.6 billion) acquisition of Bayer AG's diagnostic division to bolster...

Deals

Maersk, other shipping lines raised 2006 capacity 14%

A.P. Moeller-Maersk A/S and 407 shipping lines increased their capacity to move containers 14% in 2006, the fastest pace in...

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...