Indotek Group has acquired a 47% stake in Auchan Hungary Ltd, enhancing its portfolio in the retail sector.
Target Information
Indotek Group, a leading Hungarian investment and real estate development firm, has acquired a 47% stake in Auchan Hungary Ltd as of November 30, 2024. This strategic move positions Indotek Group as a significant stakeholder in one of the prominent retail companies in Hungary, known for its hypermarkets and grocery stores.
Auchan Hungary Ltd is part of the larger Auchan Group, a global retail giant. With a strong presence in the Hungarian market, Auchan Hungary has established itself as a formidable competitor, offering a wide range of products and services to its customers.
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Industry Overview
The retail industry in Hungary has experienced a notable transformation over the past decade, driven by increasing consumer spending and a shift towards
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Indotek Group
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Auchan Hungary Ltd
in 2024
in a Other Private Equity deal