News in English Hungarian gov’t buys 20 percent share in Ózd Steel Works

Hungarian gov’t buys 20 percent share in Ózd Steel Works

Gergő Panker | 2019.02.02 10:59

Hungarian gov’t buys 20 percent share in Ózd Steel Works

The Hungarian government has purchased a 20 percent share in Ózd Steel Works from current owner Germany-based Max Aicher Group for €30 million, innovation and technology minister László Palkovics said in a press conference in Budapest this week.

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He added, the majority owner is currently carrying out a €60 million technology investment and equipment procurement project.

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