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Indotek Group Takes Full Control of Auchan Hungary

Indotek Group Takes Full Control of Auchan Hungary

Indotek Group has acquired the remaining 53% stake in Auchan Hungary from Auchan Retail International, moving to full ownership after eighteen months of operational management. The transition secures the retailer's independence from internal funding, shifting its financing to a consortium of local banking institutions including Erste, Raiffeisen, and UniCredit.

The deal formalizes a shift that began in late 2024, when Indotek first assumed management rights over the Hungarian retail chain. While Indotek now holds 100% of the equity, the company will maintain its ties to the global Auchan network through long-term agreements. These contracts ensure continued access to the Auchan brand, centrally procured product ranges, and participation in international purchasing alliances.

CEO Dániel Jellinek stated that the move reflects confidence in the team’s ability to drive operational progress. Under this new structure, the firm plans to deepen ties with local Hungarian producers and reinvest in store offerings. For the 5,400 employees and customers across 19 hypermarkets and various smaller outlets, operations remain unchanged as the business shifts to independent financing. Auchan Retail International CEO Guillaume Darrasse noted that the partnership remains substantial, with the retailer continuing to benefit from the scale of the wider group despite the ownership change.

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