Outdoor media company to be added to Csányi portfolio
Monday, January 31, 2005, 00:00
President and CEO of OTP Bank Rt Sándor Csányi has signed a preliminary agreement to buy a majority stake in outdoor media company Multireklám Rt through Bonitás 2002 Kft, one of his companies, broadsheet Magyar Nemzet reported. Multireklám owns approximately 25% of billboards and 10%-15% of the smaller ?city posters?. Its annual revenue has been around Ft 3 billion-Ft 5 billion, yielding Ft 600 million-Ft 700 million profit. Multireklám and its legal predecessor M-Csoport have been up for sale for a long time without attracting a serious offer from potential investors.