News Portal Index.hu Sold To Foundation Linked To Simicska
- 24 Apr 2017 7:00 AM
The foundation’s board is made up of lawyer Ajtony Csaba Nagy, economist Gábor Kereszty and László Bodolai. Nagy is the nephew of Simicska, the news channel said.
The broadcast said one of Simicska’s companies, Pro-Rata Holding, exercised its options rights secured in 2014 and acquired a 100 percent stake in Index. It then passed on the outlet’s operations to the For Hungarian Development Foundation.
Pro-Rata Holding also has stakes in the daily Magyar Nemzet and news channel Hir TV, M1 noted.
Republished with permission of Hungary Matters, MTI’s daily newsletter.
LATEST NEWS IN current affairs