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8 June 2005 – LAWFUEL – The Law News Network – Gide Loyrette Nouel adv…

8 June 2005 – LAWFUEL – The Law News Network – Gide Loyrette Nouel advises GL Events in Hungary in connection with the privatisation of the Budapest Exhibition Centre:

Gide Loyrette Nouel has just finished advising GL Events, a company based in Lyon, specialised in event organisation and logistics, in connection with the privatisation of the Hungarian company, Hungexpo, owner of the Budapest Exhibition Centre, which has a provisional turnover for 2005 estimated at 22 million euros.

Under the terms of the agreement signed with APV Rt, the Hungarian privatisation agency, the consortium, which is 90 % controlled by GEL Events and 10 % controlled by Triganit, a local business partner specialised in real estate, is to acquire a 77 % stake in Hungexpo, the owner of the Budapest Exhibition Centre.

GL Events was assisted by Jacques de Servigny, Judit Gaál and Lazlo Agai of Gide Loyrette Nouel.

British MP George Galloway and his opponent the Daily Telegraph will leave no stone unturned to sort out what could be a spectacular libel case.