Hungarian oligarch acquires Doprastav

Lőrinc Mészáros, via his company Talentis IIIS, announced the acquisition of a majority stake in Doprastav, Slovakia’s largest construction firm. Mészáros, Hungary’s richest man and a friend of PM Viktor Orbán, is often referred to in media as “Orbán’s wallet.” His entry into Slovakia’s construction sector may increase corruption concerns. He is buying the stake from Dušan Mráz, who will retain a minority share. (dennikN.sk) Last year, Doprastav quadrupled its net profit to €8.1m despite a 17% drop in sales to €217.4m.