Another Company Moves Toward the Hungarian Stock Exchange

Another Company Moves Toward the Hungarian Stock Exchange

The Hungarian-owned ÉPDUFERR, operating since 2004, has received support through the BÉT Mentor Program, a joint initiative of the Budapest Stock Exchange (BÉT) and the Ministry of Finance, funded by EU GINOP and KMR resources to help small and medium-sized enterprises finance their stock exchange listings.

ÉPDUFERR, primarily engaged in the construction industry, is the ninth company to benefit from the BÉT Mentor Program, securing 40 million forints in non-refundable support at a 50% intensity rate. The company’s preparation and stock market entry process will be supported by Navigator Investments, with trading expected to begin by 2022 at the latest.

Founded in 2004, ÉPDUFERR specializes in general contracting and main contracting for multinational and large domestic clients across Hungary. Additionally, the company is active in building materials trading. Its expansion into international markets is planned through newly introduced steel trading and processing services, which the BÉT Xtend platform aims to support through capital raising.

Milán Palkovics, chairman of ÉPDUFERR’s board, commented:

“We would like to thank the BÉT for their support, which serves as positive feedback on our business strategy. We believe that entering the BÉT Xtend market aligns with our mid-term strategy, enabling dynamic growth and helping us achieve our long-term objectives through the advantages offered by the stock exchange.”

Máté-Tóth István, deputy CEO of the Budapest Stock Exchange, added:

“Supporting the expansion of equity-based financing in corporate culture is a key strategic goal for us. The increasing number of companies utilizing the Mentor Program demonstrates that we are on the right path. I wish ÉPDUFERR success in their preparations and look forward to welcoming them soon to the BÉT Xtend market.”

Source: Portfolio.hu – October 5, 2021

Cover image: Budapest Stock Exchange