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Hungarian-owned contract electronics manufacturer Videoton won a HUF 123 million European Union grant to renovate its office complex in Budapest. The renovation of the six-building complex will be completed by the beginning of November. The general contractor for the project is Penta Építőipari. Videoton had revenue of HUF 86 billion in 2010. It employs 7,900 people at nine bases in Hungary, one in Ukraine and one in Bulgaria.