Mészáros Group Refutes False Claims About Envirotis Holding Zrt.
Translated from Hungarian, summarized and contextualized by DistantNews.
TLDR
- A Hungarian news portal, hang.hu, published an article alleging that 4.4 billion forints were withdrawn from Envirotis Holding Zrt., a company owned by Lőrinc Mészáros.
- The article claimed this withdrawal represented almost the entire liquid assets of the company, leaving only enough for two to three months of salary payments.
- Mészáros Csoport refuted these claims, stating that an annual dividend payment was made in compliance with regulations and that the company's financial position remains stable.
As Magyar Nemzet, a publication committed to providing a clear and factual account of Hungarian economic affairs, we address the recent report by hang.hu concerning Envirotis Holding Zrt. and its owner, Lőrinc Mészáros. It is our responsibility to present the facts accurately and to counter misinformation that could unfairly tarnish the reputation of Hungarian businesses.
The allegations of a massive withdrawal of funds and subsequent liquidity crisis at Envirotis Holding Zrt. have been categorically denied by the Mészáros Csoport. Their statement clarifies that the transaction in question was a standard annual dividend payment, conducted in full accordance with legal and corporate governance standards. This explanation is crucial for understanding the company's financial health, which, according to the Mészáros Csoport, remains robust despite the dividend distribution.
Furthermore, the report by hang.hu also suggested the sale of company assets, specifically machinery from its Tata and Oroszlány facilities. Mészáros Csoport has explained that this is not an asset sale but a routine logistical process of optimizing capacity. Equipment not currently in use at certain sites has been relocated to other operational locations. This distinction is vital; it highlights a normal business practice rather than a sign of financial distress. The company's commitment to stable, responsible business practices and its strategic vision for growth, as previously communicated, remain unchanged.
Originally published by Magyar Nemzet in Hungarian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.