Waberer's shares sold
Hungarian trucking company Waberer’s International reported that Mid Europa Partners (“Mid Europa”) – the majority shareholder – agreed to sell 24% of the issued share capital in Waberer’s to Trevelin Holding, a member of the Indotek group. Based in Hungary, the Indotek group specialises in real estate development.
Mid Europe also granted a call option to Indotek over Mid Europa’s remaining 47.99% of the issued share capital. No financial details were disclosed.
The transaction is subject to regulatory approval and is expected to close by the end of the first quarter of 2021. Barna Erdélyi, CEO of Waberer’s, commented that he banks on the support of "Indotek Group in our efforts to complete the restructuring programme.” (sh)