Friday , March 5 2021

Index – Economy – Mészáros Konzum also acquired the Balatontourist Group



BLT Group Zrt – and the Balatontourist group, which belongs to it – is directly owned by Konzum Investment and Asset Management Plc., Announced MTI on Thursday.

One month ago, Mezzáros Lőrinc, Konzum Investment and Asset Management Plc, published the results of the first semester of this year's stock exchange website. As a result, the group closed a record high: its capital grew rapidly in the first half of the year, and at the end of June it exceeded 58 billion forints.

In accordance with a recent decision published by BSE on Konzum Plc., The Management Board of Konzum Plc agreed with the sole ownership of BLT Group Zrt. The PwC shareholder's assessment is Konzum Plc in the form of an intangible contribution of 977.29 million HUF in Konzum Compensation 3 111 396 new shares for private placement. The Balatontourist Group, which belongs to BLT, is fully consolidated with Konzum Plc.

The Steering Board also confirmed that the private equity fund KONZUM PE would acquire equity on the stock exchange due to 9.677 billion forint requests for Konzum Nyrt. Konzum replaces the contribution of the contribution with a total of 30,805,580 new private equity shares, "he said.

The capital increase, which is now published, is part of a series of transactions, which was announced in December 2017, according to Hunguest Hotels Zrtu. Balatontourist, a brokerage company, has 18 domestic and 5 foreign hotels. Accordingly, in the case of both decisions of the Management Board regarding Konzum's tourism portfolio, the value of new shares is released at the fixed exchange rate on December 11 last year, that is to say.

Balatontourist operated private and independent campsites. In the 2018 season, it is estimated that 10 companies operating in the Lake Balaton and the inn, 1,715 billion forints.

Konzum Plc. It builds the largest accommodation company in Hungary according to the forecast. After the completion of the transaction, the company's management aims to consolidate the professional leadership of hotel and camp companies in order to exploit the synergies and opportunities to reduce costs in the group. 88.43 percent of the most recently published half-year sale of a public limited company and 64.44 percent of consolidated results came from tourism.


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