Areva makes offer for Transelektro
French engineering giant Areva has made an offer for troubled Hungarian holding company Transelektro Rt, Népszabadság reported on Wednesday, citing unnamed sources.
According to the paper, Areva's offer is lower than another by the Belgian unit of India's Compton Greaves, but notes that any decision will be influenced by the percentage of Transelektro's debts to creditors potential buyers agree to repay.
A shareholders' meeting of Ganz Transelektro Villamossági (GTV), which exercises ownership rights over Transelektro, made no decision on a buyout offer by Crompton Greaves on Tuesday. The company said talks are ongoing on the sale of the company's shares with several potential buyers, without disclosing further details.
ADVERTISEMENT
Hungary Agricultural Output Value Grows by 6.5%
Hungarian-American Business Chamber Established in Chicago
Number of Registered Jobseekers Down 3% in November
Mulled Version of Belle-Vue Kriek Makes Debut at Advent Fair
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.
