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Fight for the biggest Hungarian opposition paper: awaiting foreign investors?
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As we already reported, the final edition of the daily, Magyar Nemzet, one of the few outlets to run critical stories before the election, was published on April 11. In fact, the paper belonged to Lajos Simicska, former ally now one of the biggest adversaries of PM Orbán. Currently, Hungarian green party LMP’s board member Péter Ungár is searching for Australian, Israeli and Spanish investors to buy the paper – according to zoom.hu.
A Hungarian billionaire who cannot access his fortune
Interestingly, Ungár is the son of Mária Schmidt, director of the House of Terror Museum. Schmidt, as a prominent member of Fidesz, turned against PM Orbán after his defeat in the 2006 elections. However, Orbán forgave her, and she could remain in position.
Together with his son they
inherited a marvellous fortune
after the death of András Ungár, owner of the Budapest Property Utilization and Development Public Limited Company. However, the amount of Péter Ungár’s spendable money is very limited since most of his fortune is in stocks.
Thus, he tries to involve foreign investors to buy Lajos Simicska’s media portfolio. In fact, that includes not only Magyar Nemzet and mno.hu, but also Heti Válasz and Lánchíd Radio. According to zoom.hu, he intends to make the portfolio profitable. Therefore, Ungár was abroad last week and searched for potential investors.