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Acquisition

Hungarian State Increases Ownership in Győr–Sopron–Ebenfurth Railway with Strabag Stake Acquisition

Since Strabag has previously stated that it does not consider its stake in the railway company a strategic investment and is willing to sell it, the last obstacle has been removed for the Hungarian state to further increase its ownership…

Spanish Government Vetoes Hungarian Train Manufacturer Deal

The Socialist Sánchez government in Spain vetoed the Hungarian consortium Ganz-MÁVAG Europe’s acquisition of the Spanish train manufacturer Talgo. Their concern was the supposed close ties between Budapest and Moscow, fearing that the Hungarian company may share trade secrets with…

GLS Enhances E-commerce Logistics Capabilities with Acquisition of Hungarian iLogistic

The acquisition allows GLS to offer fulfilment services to its customers both within Hungary and beyond. The aim of GLS is to expand its range of activities and opportunities, with outsourced e-commerce logistics serving as a key growth area, the…

Government Presses Forward with Airport Repurchase Contrary to Misleading Press Reports, Ministry Says

A Ministry of National Economy statement released on Wednesday confirmed that the repurchase of the Ferenc Liszt International Airport continues to progress as scheduled, as opposed to press rumours….

Iconic Hungarian Chocolate Brands in Hungarian Ownership Again: Cerbona Acquires Nestlé Trademarks

According to the joint statement of the two companies released on Tuesday, Hungarian Cerbona has acquired the trademarks of Boci, Melba, and Párizsi kocka. The transaction will be finalized on 22 May 2024; until then, Nestlé will continue to manufacture…

A Final Agreement Approaches as Budapest Airport Reacquisition Nears Completion

Back in May, Prime Minister Viktor Orbán mentioned at the Qatari Economic Forum that there is interest from Qatar towards Budapest Airport, and ‘we would welcome them.’ Now, it appears that the Qatar Investment Authority is joining the deal as…

Stellantis’ Major Investment in aiMotive Fuels Hungary’s Automotive Prowess

MFAT State Secretary Levente Magyar stated at a press conference on Monday that Stellantis, which owns fourteen automotive brands, has chosen Hungary as the hub for autonomous driving technology and electrification. ‘We are proud that Hungary…has become one of the…

Hungarian Company Acquires Two of the Largest Domestic Online Marketplaces

The new Hungarian owners aim to protect their users by already having local customer service in place for the Jófogás, Vatera.hu, Használtautó.hu, and Ingatlan.com marketplaces. They plan to compete with global players with world-class operations driven by a local touch…

Government Makes Bid for Majority Ownership of Budapest Airport

Previously, there were discussions of buying out the airport with the participation of Hungarian private investors and major corporations, but despite reportedly advanced negotiations, the transaction was postponed in 2021 citing unfavourable Hungarian and international financial conditions….

MCC Acquires the Libri Group

The Libri Group is a key player in the Hungarian book retail and publishing market. The group’s significant member, Libri Könyvkereskedelmi Kft., serves millions of customers annually through its nationwide network of 57 bookstores and its online store….

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