Hungary’s Minister Seszták Sees More Acquisitions Ahead
- 4 Aug 2014 9:00 AM
The government is planning further acquisitions after the purchase of MKB bank, first by reaching agreement with the foreign owner of Bombardier MÁV, National Development Minister Miklós Seszták told Napi Gazdaság in an interview.
Seszták forecast that there may be acquisitions before the end of the year that would require changes to the budget.
An ongoing overhaul of the structure of state-owned companies down to lower level management can be concluded by the end of the summer, when the requirement for ministerial approval of any contracts, introduced a month ago, can be lifted, Seszták added.
Source: Hungary Around the Clock
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