Hungarian transport company, Waberer’s International, has announced a change to its shareholding status.
The company’s majority shareholder, Mid Europa Partners, agreed to sell 24 per cent of the issued capital in Waberer’s to Trevelin Holding, a member of the Indotek Group.
Waberer’s granted a call option to Indotek over Mid Europa’s remaining 47.99 per cent of the issued share capital.
The transaction is subject to customary anti-trust clearance and is expected to close by the end of Q1 2021.
“This transaction recognises the leading position of Waberer’s as a mission-critical provider of transportation, warehousing and insurance services in Hungary and Europe,” said Waberer’s CEO, Barna Erdélyi.
“We look forward to be supported by Indotek Group in our efforts to complete the restructuring program and further build on the strengths of Waberer’s in the long-term.
“We are committed to remaining the backbone of the Hungarian supply chain and a leading European FTL transportation provider.”
Indotek Group comprises a group of investment management companies owned by American and Hungarian shareholders.