Photo: Jakub Porzycki / NurPhoto / AFP
The Hungarian Indotek Group acquired a 43% stake in the Croatian Fortenova Group. The Russian Sberbank had to part with its participation because of the EU sanctions against Russia after the outbreak of the Ukraine war.
Fortenova has around 50 000 employees and operates in retail and food activities. Indotek is active in the real estate sector, meanwhile it also deals with the management of shopping centers. It also established itself in the retail and food sector with the acquisition of minority shares in the Auchan hypermarket chain in Hungary.