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Tankönyvkiadó sale gets green light from competition watchdog

Láng Publishing and Holding Rt has been granted an approval by the Competion Office (GVH) to acquire a stake representing nearly 70% of voting rights in schoolbook publisher Nemzeti Tankönyvkiadó Rt after submitting a Ft 3.2 billion offer for the company. The activities of Láng and its acquisition target do not overlap significantly, GVH found. The selection of Láng as tender winner in early November, in preference to the consortium of the Polish national schoolbook publisher and Mozaik Kiadó Kft, created an uproar because several politicians and media sources suspected fraudulent conflicts of interest.