Meat and milk
Tuesday, May 10, 2005, 09:01
According to daily Világgazdaság information OTP Bank Rt CEO Sándor Csányi is in negotiations with Sole Hungária Rt on purchasing the Szeged-based dairy company. The Italian owners are said to find Hungarian dairy market too risky after EU accession and to have decided on leaving. Market leader company Friesland had also considered buying it.
At present Sole Hungária Rt with its Ft 34 billion sales revenue has the 2nd largest share on Hungarian market, but Csányi, who had already acquired Új-MiZó with its some Ft 18 billion sales revenue, would possess a share equaling that of Frieslandafter after buying Sole. As it is well known, Csányi has leading position in meat industry with Pécs Délhús and Szeged Pick.