Weil advised Magyar Telekom in connection with an auction sale of Origo, one of Hungary’s largest online news portals to New Wave Media. The estimated value of the transaction, which closed in February, is €13.2 million.

The Budapest office of Weil is regularly involved in high profile M&A transactions in the Hungarian market. Notable recent representations include advising GE Capital on the $700 million sale of Budapest Bank, advising UGI Corporation in its acquisition of Total S.A.’s liquefied petroleum gas business in Hungary and Romania and the sale of the Budapest Stock Exchange.

The Budapest team included Finance partner Konrád Siegler, M&A counsel Pál Szabó, and associate Dária Szabó; and Competition Special Counsel László Zlatarov and associate Dániel Arányi.