Canadian company interested in Elcoteq plant in Hungary - newspaper

Recycling

Canadian software solutions company Selectica is interested in buying the Hungarian plant of Finnish electronics company Elcoteq, regional daily Új Dunántúli Napló said on Tuesday.

Elcoteq has neither confirmed nor denied the report but it said "it is also in talks with an East Asian investor."

Elcoteq's board will meet on Tuesday or Wednesday and will probably decide on the fate of its foreign units, the paper wrote.

Elcoteq has been present in Hungary since 1998. It earlier operated three plants, but now has just one, located in the city of Pécs (S Hungary).

ADVERTISEMENT

Consumer price levels below EU avg in 2020 Analysis

Consumer price levels below EU avg in 2020

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Breast cancer screening at Dr. Rose Private Hospital Interview

Breast cancer screening at Dr. Rose Private Hospital

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.