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Spanish private equity firm buys Hungary's biggest printing company

Spanish private equity company GED Capital on Wednesday said it bought a 100% stake in Hungarian printing company Révai Nyomda from the UK's Polestar Group.

GED Capital did not reveal the price of the transaction.

Révai Nyomda is the second printing company in the region GED Capital has purchased. IT bought Infopress Group Romania in 2010.

The two companies have combined revenue of €80m a year and employ 500 people.

Révai Nyomda is Hungary's biggest capacity printing company. It employs 250 people at bases in Budapest and Fót, near the capital. The company had turnover of €42m in 2010, GED Capital said.

Public records show Révai had revenue of HUF 11.5bn in its business year ended September 30, 2011, up about 5% over the previous business year. Exports came to HUF 3.9bn.

The company had net assets of HUF 1.8bn and total assets of HUF 8.1bn on September 30, 2010.

The 150-year-old Révai Nyomda is well known in Hungary as the publisher of the Révai Encyclopedia, which first appeared at the beginning of the 20th century.

Révai Nyomda will operate in a group with GED Capital's Romanian unit, but will keep its name.