The value of Hungary's mergers and acquisition deals declined by 50% to HUF 57bn (EUR 200mn) in the first quarter of 2012, Hungary Around the Clock reported citing data from MergerMarket. The number of M&A deals in the period dropped by 27% y/y to 24. The largest transaction was the sale of Fortis Private Equity to a company owned by Kristof Nobilis. Book retailer Libris purchase of a 50% stake in publisher Helikon and an 80.5% stake in entertainment listings website Port.hu followed. Hungarys M&A market contracted 29% y/y to USD 1.8bn in 2011, data from consultancy Ernst & Young showed earlier. |
Hungary's investment funds had aggregate assets of HUF 3.657tn (EUR 11.98bn) as of end-February 2013, up by 3.2% m/m, MTI news agency reported citing data from the association of investment funds ... more
The number of employees in Hungary's public and private sectors fell for the tenth straight month in January 2013 declining by 0.6% y/y to 2.574mn, the statistics office informed. The decline ... more
The assembly of state-owned Hungarian Electricity Works (MVM) has approved the purchase of the local gas business of German power utility E.ON, Hungary AM reported, citing local daily Magyar ... more