| 2010 News | |
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| CEDC Announces it has Closed its Sale of 100% of its Polish Wholesale Business to Eurocash SA | |
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| Central European Distribution Corporation today announced that is has closed the sale of 100% of its wholesale business in Poland to Eurocash SA for a purchase price of 400 million PLN in cash, on a debt free, cash free basis, subject to potential price adjustments (to be finalized within two weeks from closing). Vienna Capital Partners acted as exclusive investment banking advisor to the Seller | |
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| 02.08.2010 | |
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| Wanhua to become sole owner of BorsodChem soon | |
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| China's Wanhua plans to raise its stake to 100pc from the present 38pc in Hungarian chemicals company BorsodChem soon, and to make BorsodChem responsible for the operations of the Wanhua group in Europe, the Middle East and Africa, the heads of the two companies said in a joint letter to BorsodChem employees. | |
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| 28.07.2010 | |
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| OTP and FHB pass stress test with good marks | |
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| Both Hungarian banks involved in the European bank stress test, OTP Bank and FHB, passed the test with good marks. OTP Bank on Friday said its results were ,,sound and well above the threshold expected". Under the most adverse scenario - which adds sovereign shock to the adverse scenario - OTP Bank's consolidated Tier 1 ratio would stand at 16.2% by the end of 2011, more than four times the mandatory minimum level of 4%, OTP Bank said. | |
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| 26.07.2010 | |
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| FHB Jelzalogbank to buy Hungarian Allianz Bank for HUF 3.8bn | |
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| Budapest, July 6, 2010 (MTI-ECONEWS) - Hungary's FHB Jelzalogbank will acquire Allianz Bank, the latter group's Hungarian banking unit, for about HUF 3.8bn through a share swap under contracts on long-term exclusive strategic cooperation between FHB and the Allianz group on July 2, the bank said on Monday. | |
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| 06.07.2010 | |
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| FHB Bank says to buy Allianz Hungary by Sept 30 | |
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| BUDAPEST, July 5 (Reuters) - Hungarian mortgage lender FHB Bank will complete the takeover of the Hungarian operations of German insurer Allianz by Sept. 30, the bank said in a statement on Monday. FHB bought Allianz for 1.83 million ordinary shares and 1.1 billion forints ($4.72 million) in cash, valuing the deal at 3.8 billion forints. The final amount will depend on the value of Allianz equity at the time the transaction is completed, FHB said. Allianz Hungary's total assets stood at 102 billion forints at the end of March, of which 42 billion was the loan portfolio. Its equity exceeded 6 billion forints, according to the statement. The deal is not connected with Allianz's other markets, the insurer said when the two companies announced they were in acquisition talks in June. FHB shares were flat at 1035 forints on Monday, against a 0.2 drop in the wider market. | |
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| 06.07.2010 | |
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| BorsodChem Lenders Approve Financial Restructuring | |
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| BUDAPEST -- Hungarian isocyanate producer BorsodChem Zrt. said Wednesday that the company's Senior and Mezzanine Lenders had approved the consensual financial restructuring scheme of BorsodChem. The restructuring was agreed upon by First Chemical Luxembourg S.àr.l, a company controlled by UK private equity firm Permira Funds and VCP Capital Partners of Austria, and Chinese isocyanate producer Wanhua Industrial Group, a strategic investor, in February this year. | |
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| 30.06.2010 | |
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| China’s Wanhua takes 38% stake in Hungary's BorsodChem | |
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| China's Wanhua Industrial Group has become a 38% shareholder in Hungarian isocyanates and polyvinyl chloride (PVC) producer BorsodChem following the approval of the latter firm's financial restructuring by its senior and mezzanine lenders, the two companies said on Wednesday. | |
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| 30.06.2010 | |
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| BorsodChem: Lenders approve financial restructuring | |
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| Solid platform for long term growth, completion of the construction of TDI plant now foreseeable Budapest, 29 June 2010 – Hungarian isocyanate producer BorsodChem Zrt. announces that the company’s Senior and Mezzanine Lenders have approved the consensual financial restructuring scheme of BorsodChem, which was agreed upon by First Chemical (Luxembourg) S.àr.l (FCL), a company controlled by the Permira Funds and VCP Capital Partners, and Wanhua Industrial Group (Wanhua), a strategic investor in February this year. | |
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| 29.06.2010 | |
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| FHB to enter into strategic cooperation with Allianz Hungaria Insurance (extraordinary announcement) | |
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| FHB Mortgage Bank Co. Plc. (registered seat: H-1082 Budapest, Üllői út 48., Hungary; hereinafter: the "Company") in compliance with its obligation pursuant to section 55 of the Act CXX of 2001 on the Capital Markets on the rules relating to extraordinary announcements, hereby notifies its Investors as follows: As a result of almost 5 months of negotiations initiated in January, FHB Mortgage Bank Co. Plc. has signed a letter of intent on June 16, 2010 with Allianz Hungaria Insurance Co. Ltd. on long term exclusive strategic cooperation and the change of ownership of Allianz Bank Ltd. | |
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| 17.06.2010 | |
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| IK Investment Partners acquires majority stake in Agros Nova, a leading diversified food & drink company in Poland | |
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| IK Investment Partners, a Pan-European private equity firm, announces today that it has agreed with the owners of Agros Nova, ITR Investment Partners Limited to acquire a majority stake in the Company. Agros Nova is a leading diversified food and drink company in Poland. Terms of the agreed sale are not disclosed. Vienna Capital Partners acted as exclusive investment banking advisor to the Seller | |
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| 14.06.2010 | |
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| Belišće and Duropack - On the road to joint success | |
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| In today’s press conference in Zagreb, Duropack’s and Belišće’s management explained the results of the recently completed takeover and the steps of the future integration of the two companies. VCP acted as exclusive investment banking advisor to Duropack AG in the transaction | |
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| 08.06.2010 | |
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| VCP erhöht Anteil am tschechischen Maut-Betreiber Kapsch Telematic Services | |
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| Das österreichische Investmenthaus Vienna Capital Partners (VCP), das seit November 2008 einen 38%-Anteil am tschechischen Maut-Betreiber Kapsch Telematic Services s.r.o. hält, hat weitere 10% des Unternehmens erworben. Verkäuferin der Anteile und Eigentümerin der verbleibenden 52% ist die österreichische Kapsch Telematic Services GmbH, eine Tochter der an der Wiener Börse notierten Kapsch TrafficCom AG. | |
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| 08.06.2010 | |
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| Duropack AG holds 62 % of Croatian Belisce d.d. | |
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| Duropack AG, a 100% subsidiary of Constantia Packaging AG, headquartered in Vienna issued a takeover offer for all unencumbered shares of Belisce d.d. on April 19, 2010. This was accepted by shareholders together holding 35.63%, which together with the 26.71% already belonging to Duropack yields a total participation of 62.34%. Belisce shareholders were offered HRK (Croatian Kuna) 500 (approx. EUR 68.5) per share in cash. | |
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| 04.06.2010 | |
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| Duropack AG publishes Takeover Offer for Croatian Belišce d.d. | |
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| On April 19, 2010 Duropack AG, a 100% subsidiary of publicly listed Constantia Packaging AG, announced a takeover bid to acquire all outstanding unencumbered ordinary voting shares of Belišce d.d. and its subsidiaries Bilokalnik-IPA d.d., Unijapapir d.d. after obtaining the approval of Croatian Takeover Commission. | |
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| 19.04.2010 | |
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| Eurocash to acquire CEDC distribution business | |
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| The transaction will reinforce the largest FMCG wholesaler in Poland Eurocash has signed a binding preliminary agreement to acquire CEDC distribution business in Poland comprising of 14 subsidiaries operating in the wholesale distribution of alcoholic beverages (“CEDC Distribution Business”) for a purchase price of PLN 400 million on a debt free, cash free basis, subject to potential price adjustments (if any) and Polish anti-trust (UOKIK) approval. In addition, Eurocash has signed a six year agreement with CEDC for the distribution of CEDC’s own and exclusive import brands in Poland. The distribution agreement contains key provisions such as commercial terms including pricing, discounts, and payment terms. Closing of the transaction is expected during the beginning of the third quarter 2010. | |
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| 09.04.2010 | |
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| Parties reach agreement: BorsodChem to be acquired by the Chinese | |
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| After several months of bargaining, media bickering and other delicate manoeuvring, Wanhua Industrial Group and the Permira-VCP duo agreed on the future of Hungarian chemical company BorsodChem. At the press conference held jointly by the parties today, it was announced that BC will be acquired by the Chinese company in 24 months. Nevertheless, the agreement is not so simple and it has many unspecified non-public details. | |
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| 26.02.2010 | |
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| Consensual agreement achieved between Permira Funds/VCP and Wanhua on BorsodChem’s financial restructuring | |
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| Budapest, 25 February 2010 – Hungarian isocyanate producer BorsodChem Zrt. announces that, after several months of intense negotiations, Permira Funds and VCP Capital Partners, the company’s owners, and Wanhua Industrial Group (Wanhua), a strategic investor, have agreed on a consensual restructuring of the capital structure of BorsodChem. The current consensual solution will stabilize the operations of BorsodChem and provide the company with significant further financial flexibility and a solid platform for long term growth. | |
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| 25.02.2010 | |
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| China's Wanhua to Provide EUR140M to Hungary’s BorsodChem | |
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| BUDAPEST (Dow Jones)--Chinese isocyanate producer Wanhua Industrial agreed Thursday with U.K. private equity company Permira and VCP Capital Partners, the owners of Hungarian isocyanate producer BorsodChem Zrt. (BCHEM.HU), that Wanhua will provide EUR140 million to BorsodChem in exchange for a call option to buy Permira's and VCP's entire stake in BorsodChem. | |
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| 25.02.2010 | |
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| FHB to buy back HUF 30bn of shares from state | |
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| Budapest, February 19, 2010 - FHB Bank on Friday said its board decided to exercise its call option for all HUF 30bn of special dividend preference shares from the state. The state subscribed the shares in a capital raise in the spring of 2009. The measure was part of a programme to stabilise Hungary's banking system at the height of the crisis and drew on IMF support. | |
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| 22.02.2010 | |
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| Fresenius NephroCare Polska takes over chain of dialysis stations from HAND-PROD. VCP acted as the exclusive investment banking advisor to HAND-PROD. | |
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| The biggest dialysis station operator in Poland, Fresenius NephroCare Polska sp. z o.o. (FNCP), took over 8 dialysis stations from HAND-PROD sp. z o.o. The agreement was signed on January 14, 2010, whereas the incorporation of the dialysis stations into FNCP’s operations will take approximately six months. | |
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| 26.01.2010 | |
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