CEDC Announces it has Closed its Sale of 100% of its Polish Wholesale Business to Eurocash SA 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 02.08.2010   Wanhua to become sole owner of BorsodChem soon 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. 28.07.2010   OTP and FHB pass stress test with good marks 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. 26.07.2010
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