Wednesday, 4 November 2009

Humet bids for Hungary chemicals company

Hungary's pharma company Humet is leading a consortium to make a buyout offer for a multinational chemicals company, according to the Budapest Business Journal.

The report says a consortium led by dietary supplement maker Humet has made a preliminary buyout offer for 100% of a Hungary-based multinational chemicals company with annual turnover of several billion forints.

Humet did not name the company. This must be in the pharmaceutical field as no mainstream chemical company I know of in Hungary would be a good fit. BorsodChem and TVK are certainly outside the sphere of interest. Any other ideas?

Humet already owns a combined direct and indirect 54% stake in chemicals company Reanal Finomvegyszergyár so it could be a buyout of this group..

Humet's biggest owner is Tyler International, with a 20.27% stake.

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