Mid Europa Partners parts with Waberer's stake
Private equity company Mid Europa Partners has parted with its stake in listed Hungarian haulier Waberer's in transactions closed on Thursday, a disclosure posted on the website of the Budapest Stock Exchange shows.
The transactions were announced in December and were expected to close in Q1 2021.
Trevelin Holding, a unit of Hungarian property developer Indotek, now holds 30.99% of Waberer's shares; MHB, owned by Ferenc Mike, holds 21%; and HIGH YIELD, owned by György Wáberer, the former owner of the company that still bears his name, holds 20%.
Wáberer sold his stake in Waberer's to Mid Europa Partners in 2016. Afterward, he went into real estate and set up a foundation to improve the lives of underprivileged Hungarians.
Waberer's continued to make losses in 2020, but its management has pointed to improvements that will advance the company toward profitability in the long term.
Hungary Gasoline Prices 3% Over Regional Avg
Hungary to Address Future of Cohesion Policy During EU Presi...
Cordia’s Marina City Project Begins
Budapest Airport Wins 'Best Airport in Eastern Europe' for 1...
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.
