Shareholders in Hungarian meat processor Pick has approved the delisting of its shares from the Budapest Stock Exchange.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


An extraordinary general meeting was held yesterday [Monday] to resolve the issue. The APV privatisation authority, which holds a golden share in Pick, had opposed the move and is reported to be considering legal action.


Pick’s majority shareholder, the Arago investment group, will pay HFt4270 (US$15.23) per share to small shareholders opposing the move. Last Friday the Office of Economic Competition (GHV) gave the go-ahead to Arago to take over Pick, giving it 85% of the group’s voting rights, up from its prior 44%. However, the GHV also fined Arago HFt1.2m for raising its stake in Pick in 2001 prior to making a public offer.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now