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Hungary to consolidate state-owned bus companies

Hungary's National Asset Management Company (MNV) is consolidating the state's bus companies, daily Népszabadság said on Thursday.

MNV is consolidating the 24 Volán bus companies into seven regional service providers. As part of the move, the companies' 24 CEOs are stepping down, the paper said.

Decisions on the timetable and the method for the consolidation have not yet been taken, it added.