Hungarian group Bonafarm eyes stake in meat processor | Progresiv
Hungarian food processing conglomerate Bonafarm is in talks to acquire a stake in local meat processor MCS Vágóhíd Kft. Bonafarm is owned by Sándor Csányi, chairman and CEO of OTP Bank Group. 
MCS Vágóhíd is currently building a giant slaughterhouse in Mohács, southern Hungary, through an investment of 21 billion forints (68.12 million euros), for which the company received 2.7 billion forins (8.75 million euros) government funding. Test operations are set to finish in March.
The share capital of Bonafarm was recently raised from 37 billion forints (120 million euros) to 65.3 billion forints (212 million euros), the Hungarian paper noted, which it speculates was a step taken prior to the purchase. MCS Vágóhíd is currently owned by financial investor firm HO-ME 2000.
Through its unit Pick Szeged, Bonafarm already held a stake in MCS until early 2015, when it sold its 24.9% share to HO-ME 2000, MTI recalled. Bonafarm and Pick Szeged had signed a strategic cooperation with MCS in September 2013, the agency added. (www.bbj.hu)








