MultiHome Acquires Helvid

Deals

Image by Shuttestock.com

Listed Hungarian real estate broker MultiHome has signed an agreement on the purchase of 100% of Helvid, a packaging manufacturer and seller of home improvement products such as flooring, curtains and wallpaper, for EUR 450,000, MultiHome said in an announcement posted on the website of the Budapest Stock Exchange.

Helvid's commercial activities directly support MultiHome's real estate development activities, while its manufacturing activities would diversify MultiHome's scope of activity.

MultiHome plans to finance the purchase from its own resources and bank credit.

Helvid had a net sales revenue of HUF 481 million last year, according to public records.

MultiHome had a net turnover of HUF 460 mln. MultiHome's shares trade on the bourse's Xtend platform, tailored to SMEs.

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.

Support the BBJ