The local government of Pápa increases the capital in the Pápai Hús 1913 Kft.

The local government increases its current eight percent ownership to fifty percent in the Pápai Hús 1913 Kft. – the mayor of Pépa announced, who did not disclose the exact value of ownership, he only said that the capital increase will be several billion forints.

Áldozó Tamás (Fidesz-KDNP) on Friday said that the local government has enough resources to take more responsibility in the operation of the company in order to protect local jobs. He told that the capital increase provides additional funding to solve the problems of the meat processing plant employing almost one thousand people. (MTI)