China Exim Bank fund buys Hungary's Invitel from Mid Europa
The China-CEE Fund, which is backed by China Exim Bank and invests in Central and Eastern Europe, has agreed to buy Hungarian fixed line telecom and broadband internet provider Invitel Group for an enterprise valuation of EUR202 million ($214 million).
The sellers are Mid Europa Partners and an entity known as Matel Holdings, which hold stakes of 51% and 49%, respectively. Magyar Telecom - the holding company for Invitel, not to be confused with Magyar...
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