Konzum takes over HUF 11.9 bln real estate fund from Diófa
Konzum Investment Fund Management has agreed to take over the HUF 11.9 billion real estate fund of peer Diófa, pending the approval of the National Bank of Hungary, holding company Konzum said in a disclosure on the website of the Budapest Stock Exchange on Friday, according to Hungarian news agency MTI.
The property fund includes the Budapest headquarters of FHB Bank, a separate 6.3-hectare plot under development on the outskirts of the capital, and a campground on Lake Balaton, Konzumʼs PR agent said in a separate release.
Konzum holds a 47% stake in Konzum Investment Fund Management, which manages more than HUF 100 bln in assets.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.