| 2010 News |
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| VCP Polska became Associate Member of the Polish Private Equity Association |
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| Source: www.psik.org.pl/new/index.php |
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| 22.11.2010 |
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| BorsodChem: EBITDA to double, significant increase in revenues |
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Kazincbarcika, Friday, 19 November 2010 (MTI) – BorsodChem Zrt. (BC Zrt.) will double its Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) in 2010 in comparison to a year ago, while revenues will increase significantly – said the CEO of the Kazincbarcika-based chemical giant to MTI.
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| 19.11.2010 |
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| BorsodChem unveils new corporate identity |
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BorsodChem has informed MTI that it is about to launch a new corporate identity and new websites. The websites are easy to use and provide a wealth of interesting information about BorsodChem products and how and where they are applied. They include a corporate website, dedicated sites for the PU and PVC business units, a ‘Chem’ product finder and new websites for the BorsodChem production facilities in Hungary, in the Czech Republic and in Poland.
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| 09.11.2010 |
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| BorsodChem donates hydrochloric acid |
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Kazinbarcika based BorsodChem Zrt. (BC Zrt.) has offered 150 thousand litres of hydrochloric acid free of charge to neutralise the caustic PH of the red sludge which spilled from the alumina plant near Ajka Western Hungary, causing an ecological disaster.
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| 06.10.2010 |
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| FHB closes acquisition of Allianz Bank |
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Hungary's FHB Mortgage Bank on Friday said it closed on Thursday the acquisition of Allianz Bank from insurer Allianz Hungaria.
FHB and Allianz Hungária signed the contract on the transaction on July 2 and it was approved by financial market regulator PSzÁF on September 22.
FHB acquired Allianz Bank for 1,829,864 FHB shares — worth about HUF 2.2 billion at market value — and HUF 1.1 billio n in cash. When the parties announced the deal in July, they put the value of the transaction at HUF 3.8 billion.
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| 01.10.2010 |
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| Anti-monopoly watchdog greenlights Allianz Bank sale to FHB Mortgage Bank |
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| The Hungarian Competition Office (GVH) approved the sale of 100% of Allianz Bank to FHB Mortgage Bank, the office announced. It explained that the aggregate market share of the two banks will not have a negative horizontal impact on the lending market. FHB bought Allianz Bank from German insurer Allianz for HUF 1.1bn cash payment and 1.8mn of FHB shares. The final price will depend on the actual value of Allianz's net assets on the transaction date. |
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| 22.09.2010 |
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| CEDC Announces it has Closed its Sale of 100% of its Polish Wholesale Business to Eurocash SA |
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Central European Distribution Corporation today announced that is has closed the sale of 100% of its wholesale business in Poland to Eurocash SA for a purchase price of 400 million PLN in cash, on a debt free, cash free basis, subject to potential price adjustments (to be finalized within two weeks from closing).
Vienna Capital Partners acted as exclusive investment banking advisor to the Seller |
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| 02.08.2010 |
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| Wanhua to become sole owner of BorsodChem soon |
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| China's Wanhua plans to raise its stake to 100pc from the present 38pc in Hungarian chemicals company BorsodChem soon, and to make BorsodChem responsible for the operations of the Wanhua group in Europe, the Middle East and Africa, the heads of the two companies said in a joint letter to BorsodChem employees. |
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| 28.07.2010 |
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| OTP and FHB pass stress test with good marks |
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Both Hungarian banks involved in the European bank stress test, OTP Bank and FHB, passed the test with good marks.
OTP Bank on Friday said its results were ,,sound and well above the threshold expected".
Under the most adverse scenario - which adds sovereign shock to the adverse scenario - OTP Bank's consolidated Tier 1 ratio would stand at 16.2% by the end of 2011, more than four times the mandatory minimum level of 4%, OTP Bank said.
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| 26.07.2010 |
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| FHB Jelzalogbank to buy Hungarian Allianz Bank for HUF 3.8bn |
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Budapest, July 6, 2010 (MTI-ECONEWS) - Hungary's FHB Jelzalogbank will acquire Allianz Bank, the latter group's Hungarian banking unit, for about HUF 3.8bn through a share swap under contracts on long-term exclusive strategic cooperation between FHB and the Allianz group on July 2, the bank said on Monday.
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| 06.07.2010 |
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| FHB Bank says to buy Allianz Hungary by Sept 30 |
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BUDAPEST, July 5 (Reuters) - Hungarian mortgage lender FHB Bank will complete the takeover of the Hungarian operations of German insurer Allianz by Sept. 30, the bank said in a statement on Monday.
FHB bought Allianz for 1.83 million ordinary shares and 1.1 billion forints ($4.72 million) in cash, valuing the deal at 3.8 billion forints. The final amount will depend on the value of Allianz equity at the time the transaction is completed, FHB said. Allianz Hungary's total assets stood at 102 billion forints at the end of March, of which 42 billion was the loan portfolio. Its equity exceeded 6 billion forints, according to the statement. The deal is not connected with Allianz's other markets, the insurer said when the two companies announced they were in acquisition talks in June.
FHB shares were flat at 1035 forints on Monday, against a 0.2 drop in the wider market.
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| 06.07.2010 |
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| BorsodChem Lenders Approve Financial Restructuring |
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BUDAPEST -- Hungarian isocyanate producer BorsodChem Zrt. said Wednesday that the company's Senior and Mezzanine Lenders had approved the consensual financial restructuring scheme of BorsodChem.
The restructuring was agreed upon by First Chemical Luxembourg S.àr.l, a company controlled by UK private equity firm Permira Funds and VCP Capital Partners of Austria, and Chinese isocyanate producer Wanhua Industrial Group, a strategic investor, in February this year.
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| 30.06.2010 |
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| China’s Wanhua takes 38% stake in Hungary's BorsodChem |
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China's Wanhua Industrial Group has become a 38% shareholder in Hungarian isocyanates and polyvinyl chloride (PVC) producer BorsodChem following the approval of the latter firm's financial restructuring by its senior and mezzanine lenders, the two companies said on Wednesday.
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| 30.06.2010 |
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| BorsodChem: Lenders approve financial restructuring |
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Solid platform for long term growth, completion of the construction of TDI plant now foreseeable
Budapest, 29 June 2010 – Hungarian isocyanate producer BorsodChem Zrt. announces that the company’s Senior and Mezzanine Lenders have approved the consensual financial restructuring scheme of BorsodChem, which was agreed upon by First Chemical (Luxembourg) S.àr.l (FCL), a company controlled by the Permira Funds and VCP Capital Partners, and Wanhua Industrial Group (Wanhua), a strategic investor in February this year.
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| 29.06.2010 |
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| FHB to enter into strategic cooperation with Allianz Hungaria Insurance (extraordinary announcement) |
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FHB Mortgage Bank Co. Plc. (registered seat: H-1082 Budapest, Üllői út 48., Hungary; hereinafter: the "Company") in compliance with its obligation pursuant to section 55 of the Act CXX of 2001 on the Capital Markets on the rules relating to extraordinary announcements, hereby notifies its Investors as follows:
As a result of almost 5 months of negotiations initiated in January, FHB Mortgage Bank Co. Plc. has signed a letter of intent on June 16, 2010 with Allianz Hungaria Insurance Co. Ltd. on long term
exclusive strategic cooperation and the change of ownership of Allianz Bank Ltd.
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| 17.06.2010 |
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| IK Investment Partners acquires majority stake in Agros Nova, a leading diversified food & drink company in Poland |
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IK Investment Partners, a Pan-European private equity firm, announces today that it has agreed with the owners of Agros Nova, ITR Investment Partners Limited to acquire a majority stake in the Company. Agros Nova is a leading diversified food and drink company in Poland. Terms of the agreed sale are not disclosed.
Vienna Capital Partners acted as exclusive investment banking advisor to the Seller |
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| 14.06.2010 |
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| Belišće and Duropack - On the road to joint success |
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In today’s press conference in Zagreb, Duropack’s and Belišće’s management explained the results of the recently completed takeover and the steps of the future integration of the two companies.
VCP acted as exclusive investment banking advisor to Duropack AG in the transaction |
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| 08.06.2010 |
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| VCP increases stake in Czech toll operator Kapsch Telematic Services |
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The Austrian financial investor Vienna Capital Partners (VCP), which has been holding a 38% stake in the Czech toll operator Kapsch Telematic Services s.r.o. since November 2008, acquired further 10% of the company. Seller of the stake and owner of the remaining 52% is the Austrian Kapsch Telematic Services GmbH, a subsidiary of the Vienna stock exchange-listed Kapsch TrafficCom AG.
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| 08.06.2010 |
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| Duropack AG holds 62 % of Croatian Belisce d.d. |
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Duropack AG, a 100% subsidiary of Constantia Packaging AG, headquartered in Vienna issued a takeover offer for all unencumbered shares of Belisce d.d. on April 19, 2010. This was accepted by shareholders together holding 35.63%, which together with the 26.71% already belonging to Duropack yields a total participation of 62.34%. Belisce shareholders were offered HRK (Croatian Kuna) 500 (approx. EUR 68.5) per share in cash.
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| 04.06.2010 |
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| Duropack AG publishes Takeover Offer for Croatian Belišce d.d. |
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On April 19, 2010 Duropack AG, a 100% subsidiary of publicly listed Constantia Packaging AG, announced a takeover bid to acquire all outstanding unencumbered ordinary voting shares of Belišce d.d. and its subsidiaries Bilokalnik-IPA d.d., Unijapapir d.d. after obtaining the approval of Croatian Takeover Commission.
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| 19.04.2010 |
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