US EditionHungary's Government to Privatise Majority of Its Stake in the Defence Industry
7 Articles
7 Articles
N7 Holding Nemzeti Przegni Przemysi Ipari InnovZrt. which brings together Hungarian state military industry players has signed a preliminary agreement with one of the companies of the 4iG Group, 4iG Space and Defense Technologies Ltd., the private company and the National Economy Ministry announced in a joint statement on Wednesday. The Jászai-listed company and the Ministry of National Economy announced in a joint statement on Wednesday his mos…
The government has decided to sell off marketable parts of the state-owned defense industry. The chosen buyer is the Orbán regime's top company, 4iG Plc., and the parties want to disrupt the entire transaction series before the 2026 elections.
According to Péter Magyar, the 4iG announcement is tantamount to treason - According to the chairman of the Tisza Party, this is the most serious national security risk.
The state does not even have a strategic minority left in operation.
4iG is acquiring majority ownership in nine key companies from the state-owned N7, which brings together Hungarian defense industry interests.
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