4iG Takes over a Space Company with a Billion-Dollar Capital Increase
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9 Articles
4iG Has Acquired a Satellite Manufacturing Company and Will Open Its Space Technology Center in 2027
4iG previously held a 45 percent stake in the company, and has now purchased the remaining stake for five billion forints.
4iG's subsidiary, 4iG Space and Defense Technologies Ltd., has entered into a purchase agreement to acquire the remaining 55 percent stake in Remred Ltd. After the transaction is completed, 4iG S&D may become the sole owner of the Hungarian space technology company, according to a statement published on the BSE.
The company is developing a satellite at the request of the European Space Agency (ESA) that will perform communication and navigation tasks while orbiting the Moon. The post 4iG acquires a space research company first appeared on 24.hu.
Acquisition in the Hungarian space industry, 4iG group acquires 100 percent of Remred - They are revving up the space industry.
The majority stake in satellite developer Remred will also be transferred to minority owner 4iG. 4iG will also carry out a capital increase of 7 billion forints.
In addition to the share purchase, the company is implementing a 7.2 billion forint share capital increase in the acquired company.
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