Waberer's - Waberer’s could gain on Indotek’s Croatian expansion
The read across from Indotek's Croatian expansion to Waberer's is very positive as the
Hungarian fund buys Sberbank's 43% stake in Fortenova.
Fortenova grupa was formed on April 1, 2019, with the successful implementation of
the creditors’ settlement in Agrokor. The Group has over 50,000 employees through
core businesses, including agriculture, retail and food, as well as non-core operations.
By means of vertical integration, via agricultural and food production as well as its own
retail network, Fortenova Group is the largest retailer in Southeast Europe, generating
around EUR 300mn in EBITDA with annual revenues of nearly EUR 4 billion. However,
Fortenova’s CEO earlier said that the group had invested €125 mn in the region in
2021, and it also plans to invest another EUR 130 mn in 2022.
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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