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Article: Porr buys Hungarian hazwaste company
- Article from:
- Haznews
- Article date:
- April 1, 1993
CopyrightCOPYRIGHT 1993 Profitastral Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Austrian civil engineering Group, Allgemeine Baugesellschaft - A. Porr, has acquired control of the Hungarian hazardous waste treatment and disposal firm, PYRUS (PYRUS Koernyezetvedo Szolgaltato Kft.), through the acquisition of a majority shareholding of 77% in its parent company, FOELDGEP Rt., the formerly state-owned civil engineering firm (see HAZNEWS, November 1992, pp. 16-18). According to Austrian Equity, Porr paid about Sch88 million ($7.6 million) for its shareholding in FOELDGEP. The remaining 23% is held by the Hungarian bank, OKHB, on behalf of the Hungarian State Property Agency. FOELDGEP was set up with equity capital of Ft640 million ($7.4 million) and ...