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Hungarian government to acquire rolling stock joint venture Bombardier MÁV

The Hungarian government is about to acquire the rolling stock joint venture Bombardier MÁV. Bombardier holds 65% of the JV, MÁV owns 25% and 10% of shares are in the hands of employees.

The buyout process from foreign shareholders is expected to be completed soon, National Development Minister Miklós Seszták said today in Hungarian business daily Napi Gazdaság.

The government is also eyeing the sewer network of Budapest (FCSM) and the capital’s public-area maintenance company (FKF) and says the acquisitions are part of a plan to raise the state’s stake in sectors of strategic national importance.

http://www.bbj.hu/

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