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Article: Hungarian state railways MAV establishes property fund, contributes HUF 7.5 bln properties.
- Article from:
- Hungary Business News
- Article date:
- March 5, 2008
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Hungarian state railways MAV establishes property fund, contributes HUF 7.5 bln properties
BUDAPEST. MARCH 5. INTERFAX CENTRAL EUROPE - Hungarian state railways MAV is setting up a HUF 15 bln property fund, to which it will contribute two of its large properties worth a combined HUF 7.5 bln as a first step, Hungarian state news agency MTI reported Wednesday.
The fund will be run by fund management company Prudent Invest, majority-owned by MAV since last August. Prudent Invest CEO Laszlone Virag said that the fund manager has negotiated with around 20 potential investors on the subscription of this first tranche of the fund.
Of the planned HUF ...