Indotek Group acquires remaining 53% stake in Auchan Hungary, assumes full ownership

Indotek Group has successfully acquired the remaining 53% stake in Auchan Hungary, achieving full ownership of the retail chain on June 26, 2026. This transaction follows an 18-month period during which Indotek held operational control of Auchan Hungary, having initially acquired a 47% stake. The financial details of the deal remain undisclosed, but it marks a significant step in the long-term strategic partnership between Indotek Group and Auchan Retail International.

Indotek Group, headquartered in Budapest, is an emerging player in the European real estate investment and asset management sector. The firm has a diversified portfolio that includes over 350 properties across various sectors. The acquisition of Auchan Hungary aligns with Indotek's strategy to revitalize and reposition underperforming assets, leveraging its expertise in sustainable growth and long-term value creation. Auchan Hungary, established in 1998, operates 19 hypermarkets and various other retail formats, employing approximately 5,400 people and generating annual revenues of around EUR 1.5 billion.

The strategic rationale behind this acquisition centers on the operational improvements Indotek has implemented since taking management responsibility for Auchan Hungary. During this period, the company has strengthened supplier relationships and developed a long-term transformational strategy, which has enhanced its market position. With the transition to full ownership, Auchan Hungary will now operate independently, having secured financing from Erste, Raiffeisen, and UniCredit, moving away from previous internal funding arrangements with Auchan Retail International.

Indotek's full ownership is expected to deepen its commitment to local suppliers and further invest in the business, enhancing Auchan Hungary's offerings for customers. The partnership with Auchan Retail International will continue, with long-term agreements in place for brand licensing and procurement, ensuring that Auchan Hungary retains access to the broader Auchan network and its resources. This continuity is crucial as the retail landscape in Hungary evolves, with increasing competition and changing consumer preferences.

As the retail sector in Hungary adapts to these dynamics, the acquisition signifies a broader trend of consolidation within the industry. Indotek's full ownership of Auchan Hungary may set a precedent for similar transactions, as companies seek to strengthen their market positions through strategic partnerships and operational efficiencies. The implications of this deal could resonate across the retail sector, influencing future investment decisions and operational strategies for both domestic and international players.