Companies / Hungary
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Fiat Sells Hungarian Bus Builder
February 2006 | Company Finance AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Italian carmaker Fiat has sold bus maker Ikarusbus to Hungary's Müszertechnika group for the full asking price. Müszertechnika signed a contract back in December to acquire 100% of the company, which was established back in 1999 as a 75:25 joint venture between Renault-Iveco and Ikarus.