The Frankin Templeton’s Asian partner acquires the meat plant
The assets of troubled Hungarian meat firm Pápai Hús company was reportedly purchased by Frank Liu, a Franklin Templeton president in Asia, who submitted the best offer for the assets – Világgazdaság wrote.
According to Világgazdaság Online, the offer of 1.1 billion HUFfor the companyʼs assets, announced on Tuesday, was submitted by Hungarian Tano Commerce Kft., which is reportedly owned by Liu.
Franklin Templeton is a fund that specializes in emerging markets, and it has traditionally been an important investor in Hungarian state bonds. Until recently, Franklin Templeton held more than 10 percent of Hungaryʼs state debt. (Máriás Leonárd, vg.hu)
Related news
There is already lab meat that is just like the real thing
South Korean researchers have developed a pioneering method for the…
Read more >The processing sales price of chicken breast decreased by 15 percent
Based on data from the KSH, Hungary’s poultry meat exports…
Read more >The export of live pigs increased by 58 percent
According to KSH data, Hungary’s live pig exports increased by…
Read more >Related news
Auchan has appointed a new product director
From July 1, László Varga will perform the duties of…
Read more >Millions can make decisions about millions with just one move at Tesco
Millions of people once again have millions of forints and…
Read more >Healthy summer nutrition tips with Eisberg
With the arrival of the really hot summer and the…
Read more >