TMT to acquire the remaining 20% stake in CETIN from Corvinus.

TMT, a PPF company outside the perimeter of PPF Telecom Group, agreed to acquire the remaining 20% stake in CETIN, a mobile phone operator company, from Corvinus, a Hungarian state holding. Financial terms were not disclosed. The buyer is Dutch holding company TMT Hungary Holdco, a member of the PPF Group. The valuation of the state’s shareholding and the MEIP test of the market conformity of the transaction were carried out by independent experts. The ministry highlighted that