Are you sure?

HTCC takes out loan to complete PanTel acquisition

Hungarian Communication Rt took out a Euro 170 million loan to bankroll the acquisition of the remaining 75% of PanTel Rt, of which it owns 25%. The loan will be extended by Calyon Bank Hungary Rt, WestLB Hungária Rt and the Hungarian Foreign Trade Bank Rt (MKB). The company will use part of the credit to repay earlier loans, with the rest going to finance the PanTel acquisition.