Croatia set to block Hungarian fund’s purchase of top food group

Euractiv | Sep 5, 2022 at 8:31 AM
  • Indotek Group is a financial conglomerate owned by Hungarian and US investors, specialising in real estate, financial services, logistics, and transport.
  • The decision to block the transaction in Fotenova, the region’s biggest agricultural producer, employing more than 50,000 people, was confirmed to Nacional by “several business and political sources”.
  • Relations have been further strained this year by Hungary’s continued business relations with Russia, including the purchase of gas, although Budapest nominally joined in EU-imposed sanctions.