The Óvártej Zrt. was purchased by an Italian company

An Italian family business acquired the Óvártej Zrt., that has an accumulated debt of 850 million HUF and was close to bankruptcy – Tóth László, the company's former chairman told MTI on Thursday after the signing of the contract.

Tóth László said that few percent of the ownership remains in the hands of small investors, however, the Belcolatte S. R. L. has indicated that within a few years they want to become the sole owner. The Italian company keeps the about 180 employees in Mosonmagyaróvár and plans improvements at the factory.  (MTI)