Hungarian Danubius Hotel Chain Buyout Successful

  • 14 Aug 2015 9:00 AM
Hungarian Danubius Hotel Chain Buyout Successful
The majority shareholders of Danubius Hotels have made a successful buyout offer for outstanding shares of the company, it was announced yesterday, opening the way for the delisting of the company from the Budapest Stock Exchange.

CP Holding and its partners, Interag and Israel Tractors and Equipment acquired 1.1 million shares, or 13.4% of the total through the offer, which closed on August 11, raising their total holdings to 98.2%.

Shareholders received an Ft 8,000 per share offer, a 48-50% premium on the market value.

Source: Hungary Around the Clock

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