The company through which the billionaire owns the two plots of land – RESPV SRL, got a capital increase of 17.6 million lei in October, according to Trade Register data.
“The capital inflow was rather technical, with the purpose of refinancing a loan from the OTP Group. The company is a SPV, which owns two plots of land in Oradea suitable for potential real estate developments. They will not begin in 2019,” the OTP Bank communication department officials say.
Real estate is not the only sector other than banking where Sándor Csányi has made investments. He is also one of the most powerful agri-food entrepreneurs in the region as he owns the Sole Mizo dairy brand via Bonafarm group.
(English version by Loredana Fratila-Cristescu)