Private-equity fund Mid Europa
Partners plans to sell its stake in the Hungarian road freight
transportation company Waberer’s Holding Zrt. on the Budapest
Stock Exchange in three to five years, Vilaggazdasag reported.

The fund, which last month purchased a 49.05 percent stake
in the company, plans its investments on a three- to five-year
horizon, the newspaper said, citing Craig Butcher, head of MEP’s
Budapest office.

Waberer’s is considering acquisitions in Austria, the Czech
Republic, Slovakia, Romania and Poland as part of a plan to
become Europe’s third-largest freight hauler, Vilaggazdasag
said. Waberer’s, which owns 2,300 trucks, is the sixth biggest
freight forwarding business in Europe, the newspaper said.

To contact the reporter responsible for this story:
Edith Balazs in Budapest at
ebalazs1@bloomberg.net

To contact the editors responsible for this story:
James Gomez at jagomez@bloomberg.net