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HBK Partners Advises Konzum Group on Takeover Bid for Appeninn Holding

HBK Partners Advises Konzum Group on Takeover Bid for Appeninn Holding

Hungary
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HBK Partners has advised Konzum Group on a public takeover bid for Appeninn Holding Plc.   

According to a HBK Partners press release, Appeninn "is one of the fastest growing real estate investment companies listed on the Budapest Stock Exchange, with a real estate portfolio of EUR 65.5 million. Following the acquisition of a 33.65% stake in Appeninn, Konzum Group made a public takeover bid on all of the issued shares in Appeninn. The takeover bid was approved by the Hungarian National Bank on the 5th of October 2017. The bidders acting in consortium were Konzum Plc., Konzum Management Llc., Konzum Private Equity Fund and Konzum Investment Fund Manager Llc."

HBK Partners acted as counsel to the bidders during the transaction. The firm's team was lead by partners Marton Kovács and Dora Halapi, supported by Junior Associate Mate Vinglman.

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