Decission about Pápai Hús credit on beginning February

By: trademagazin Date: 2009. 01. 22. 00:00

Pápai Hús Kft. won the tender for Pápai Hús Zrt. „under liquadition” last year's end. The government assumed state guarantee on 80% of the loans, HUF 5.5 billion, the buyer would take out from the Hungarian Development Bank (MFB).

According to business daily
Világgazdaság, the landing starts soon. Pápai
Hús Kft. can use the loan for buying, operating and developing
the company. Since January Pápai Hús Kft. works in the
plant as owner, altough the price of acquisition isn't payed till
now.