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Euroweb Gains Approval on US$6 million Loan Related to Acquisition of Navigator Group, a Hungary-Based IT Services Firm

Euroweb International Corp., today announced that a syndicate formed by Commerzbank Rt. and CIB Bank Rt. has approved a US$6 million loan to its wholly owned subsidiary, Euroweb Hungary Rt. (EWHU). This loan is a key financing step of the previously announced plan to acquire 100% of Navigator Group, a Hungary-based provider of IT outsourcing, applications development, and IT consulting services. The closing of the Navigator Group is now likely to be completed within the next ten days.


Source: home.businesswire.com



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28.09.2005

 
 

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