Bábolna Agrarholding, a holding company set up by Hungarian agribusiness Bábolna Rt, will make a purchase offer for shares of salami maker Pick Szeged Rt, Bábolna board chairman Zoltán Velez announced yesterday. The announcement comes just a week after reports that Pick's majority owner Arago was considering selling the company, which produces one of Hungary's best-known brands, to an American company, Smithfield Foods. Bábolna plans to finance the purchase with state-guaranteed loans, using Pick itself as collateral, Velez said, without disclosing the offer price. (Econews; NG 5, Vg 7, Nb 1, 17, Nv 5, MH 9)
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13.05.2004