Raba sells services unit to Matav for $4 mln

Newswire

BUDAPEST, Oct 31 (Reuters) - Hungarian automotive group Raba has sold its telecom, IT and human resources unit Raba Szolgaltatohaz Rt to telecoms group Matav for 900 million forints ($4.04 million), the two firms said on Friday. The two companies said in separate statements that, according to a framework agreement to be signed on November 15, the unit will continue to provide services to Raba until 2012. The deal is subject to approval from the Competition Office. For main central ...

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