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25th September, 2025

Rába rejects 4iG’s public offer



Rába’s board of directors has decided not to recommend that shareholders accept 4iG SDT’s mandatory public offer for all outstanding shares in the auto parts maker, despite acknowledging the bidder’s “presence, international connections and industry synergies” as potential stabilising factors.

The public offer of Ft 1,789 per share, approved by the MNB on Tuesday, is valid from September 26 to October 31.

The offer follows 4iG’s acquisition of a 74% stake in Rába earlier this month, which triggered a legal obligation to bid for the remaining 25% of shares.

While the board’s rejection may influence investor sentiment, 4iG stresses that the offer is regulatory in nature and not aimed at delisting Rába.

Shareholders seeking an exit are nevertheless offered a premium to the current market price.

Rába shares ended Wednesday trading 4% higher at Ft 2,200.

Rába has called an EGM for September 30.

Sources regularly consulted, with abbreviations used in text: Népszabadság (N); Magyar Hírlap (MH); Világgazdaság (VG); Napi Gazdaság (NG); Magyar Nemzet (MN); Népszava (Nsz); Kossuth Rádió news (KR); nightly TV news (TV).

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