US EditionHungary Strengthens Defence Sector with New Industry Giant
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Hungary Strengthens Defence Sector with New Industry Giant
The Hungarian defence sector has reached a historic milestone, as 4iG and state-owned N7 Holding collaborate to create the country’s first defence industry holding company with mixed ownership. The company will be named N7 Defence Zrt. Under the agreement, 4iG will acquire a 75 per cent plus one vote majority stake, while the Hungarian state retains 25 per cent ownership. The structure mirrors international models, combining state-owned defence…
They are looking for a gunsmith: the state is selling off most of its carefully built military industry portfolio, and has appointed a single domestic market player, 4iG, to buy into a sector that is currently still heavily unprofitable but has enormous potential. The business can only be profitable through exports, which will put the new owner to an international test. What was wrong with the state-owned military industry, and what can 4iG do a…
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