Sale Of Magyar Nemzet Now Less Likely

  • 13 Apr 2018 12:06 PM
  • Hungary Around the Clock
Sale Of Magyar Nemzet Now Less Likely
Businessman Lajos Simicska and newly elected LMP MP Péter Ungár will begin negotiations on the sale of Magyar Nemzet on Monday, HVG writes.

The weekly says Ungár has already made a serious offer.

However, the website Átlátszó reports that the deal may be off, as negotiations between Ungár and Simicska’s publishing firm Nemzet Kiadó have reached an impasse. 

Nemzet did not respond to queries, while Ungár parried the question, citing the ongoing negotiations. 

Meanwhile, Hungarian media entrepreneur Pál Milkovics on Thursday withdrew his offer of Wednesday to buy Magyar Nemzet. 

He declared that he has no offshore business interests or accounts and is not a front for anybody.

London-based Schwartz Capital, owned by Milkovics, had approached the publisher to initiate talks towards a possible deal, a source close to Simicska told Napi.

Related links

Video: Government-Critical Media To Close

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Around the Clock

Since 1995 Hungary Around the Clock has proven to be one of the most comprehensive sources of daily English-language news about Hungary. It covers ongoing domestic politics and foreign relations, as well as business and economic matters. For a free trial of HATC visit and click on 'Free Trial Subscription’.