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Home Finance Hungary May Finance Vodafone Buy With a Mortgage

Hungary May Finance Vodafone Buy With a Mortgage

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Hungary May Finance Vodafone Buy With a Mortgage

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BUDAPEST (Reuters) – Hungary might finance the acquisition of a 49% stake within the Hungarian enterprise of Britain’s Vodafone from a mortgage, Prime Minister Viktor Orban’s chief of workers recommended on Tuesday.

When requested if the acquisition of the Vodafone stake value about 350 billion forints ($845.12 million) could be financed from a mortgage, Orban’s chief of workers Gergely Gulyas advised reporters:

“When the deal is signed, we are going to reveal the main points … however your assumption will not be removed from the truth.”

Vodafone introduced on Monday that it deliberate to promote its Hungarian enterprise for 715 billion forints in money to native IT firm 4iG and the Hungarian state.

The deal is predicted to create Hungary’s second largesttelecoms operator. 4iG will maintain a majority 51% stake with the state the rest, consolidating the maintain of Prime Minister Viktor Orban’s authorities over the telecoms sector.

(Reporting by Anita Komuves; Modifying by Kirsten Donovan)

Copyright 2022 Thomson Reuters.

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