The largest share of Tranzit听Group – belonging to the Szab贸 family in Debrecen – was bought听by France’s largest poultry processing company. It’s a huge business.Reuters reported that听the French poultry processing giant, LDC has bought听70% of the Hungarian Tranzit Group.听It is a huge deal, since a strong French company听enters the market, who wants to open a commercial corridor primarily to Germany and it will be听a strong and important player听on the duck and goose market.
French LDC company is expanding quickly听in Europe: an important element of this rapid expansion is听that they have bought 70% of the Hungarian Tranzit Group, which has been a family business so far.
The owner of Tranzit Group is the听Szab贸 family in Debrecen, the head of the family is Mikl贸s Szab贸. He also appeared last year on Forbes’ richest list of Hungarians, as the 23rd, with his 43.4 billion HuF.听Mikl贸s Szab贸 started his career as a businessman听more than 20 years ago as a private entrepreneur.
The parties have not announced听the purchase price, but taking into account the recent information provided by the buyer 70% of Transit Group could be worth about 35-40 billion HuF.
Tranzit Group has been a leader company on the poultry processing market听in Hungary.
The whole article about the purchase can be read on the webpage of
Source:
Photo: www.pixabay.com
