Ownership structure has been clarified
Waberer’s announced that Trevelin Holding (member of Indotek Group owned by Daniel Jellinek), MHB Optimum Zrt (owned by Ferenc Mike) and High Yield Vagyonkezelő Zrt (owned by Gyorgy Waberer) agreed to buy the full stake of CEE Transport (Mid Europa Partners – MEP).
As it is known, three transactions were announced in October:
The majority owner, CEE Transport Holdco, i.e. Mid Europa Partners (MEP), is selling one-third of its 71.99% stake or 24% of all shares in the Waberer’s group to Trevelin, which is owned by Indotek.
Indotek also acquired a transferable option (long call - LC) to buy the remaining 47.99 percent stake from MEP.
MEP acquired a long put (LP) to sell a 47.99 percent stake.
Waberer's International Nyrt, formerly Waberer's International Zrt, is a Hungary-based company engaged in the provision of the transportation services in the region of Central and Eastern Europe. The Company provides international road transportation, forwarding of LTL and groupage cargo, overseas and air transportation management, customs services, vehicle repair, second hand vehicle sales and logistics services. The Company operates also through subsidiaries, including Waberer's Logisztika Ltd that is charge of domestic transportation activities and operates with four divisions - gas, food, dry-cargo transportation and large truck operation, and H-Rapid service that operates within the dry-cargo division, delivering freight to its destination within 24 hours. Waberer's International Nyrt manages also subsidiaries in Romania, Poland and Slovakia as well as in the western region, in Spain and Germany.
Concorde Securities Ltd. is Hungary’s leading independent company engaged in investment banking activities. It provides its clients with integrated financial services, including securities trading, research, corporate financing advisory, capital market transactions, wealth management and investment advisory. The operational management of the company is the responsibility of the CEO, while the owners/managers (who control one-third of the company through their shares and options) are in charge of its strategic governance. Concorde Securities Ltd. is a member of the Budapest, Frankfurt, Warsaw and Bucharest stock exchanges, as well as of the Hungarian Association of Investment Service Providers.
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