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Napi Gazdaság not for sale

The owners of leading Hungarian business daily Napi Gazdaság are not planning to sell the paper in the next two years, managing director László Süle said on Friday.

News reports claiming that the Swedish media group Bonnier would acquire the majority of Napi Gazdaság are without foundation, but the paper indeed plans to buy know-how from the Swedish firm, Süle said. The owners of Napi Gazdaság do not want to lose the profits expected from the paper's five-year strategy, he added. The price of Bonnier's know-how is not yet specified, but the owners do not plan to offer a stake in the paper, Süle said. Rumors about a planned change of ownership spread in the media after representatives of Napi Gazdaság and Bonnier visited each other's offices.