Asset management (fund management, facility and building management, financial investment
OPUS GLOBAL Plc. has direct and indirect minority interest in significant companies. The hereof interests are managed in the Asset Management segment of the company. The Company defined its portfolio and prepared the merger of KONZUM Plc., which was performed as of 31 June 2019, upon a conscious and consistent strategy. In addition to its parent company, OPUS Asset Management segment primarily manages its liquid investments of minority ownership interests besides its four segments. Within the Asset Management segment in relation to equity there are subsidiary companies, associated companies and companies managed as financial instruments.
OPUS GLOBAL Befektetési Alapkezelő Zrt.
OPUS GLOBAL Plc. acquired shares in the Fund Management in 2016, and, at present holds 47% of the said shares. OPUS GLOBAL Fund Management Private Limited Company manages the private equity investment funds, real estate funds and one security fund, which have equity in several companies publicly listed at Budapest Stock Exchange (BSE). In addition to the public equity, the Fund Management Company primarily focuses its activities on companies operating in Hungary in the areas of energetics, and, on those which have financial and real property interests.
Révay Office Building, being in the indirect ownership of OBRA Kft., is situated in District VI, Budapest, halfway between St. Stephen’s Basilica and the Opera House. As a result of the developments in the neighborhood, the building, located at number 10 in Révay street, Budapest, has been being fully renovated, and the inner courtyard with corridors is now an air-conditioned and sunlit atrium. The principal activity of the company is renting, and its income comes from the utilization of the real property at its registered seat. The utilization of the office building was more than 97% in 2019.
CIG Pannónia Életbiztosító Nyrt.
The merger of KONZUM Plc. into CIG Pannónia Life Insurance Plc. (CIG Plc.), and herewith into its subsidiary companies, was announced in 2017. The principal activity of CIG Plc. is life insurance, and respectively the related insurance and financial supplementary activities are also included. On 24 October 2019, OPUS GLOBAL Plc. declared that equity gained in CIG Pannónia group is not considered to be a strategy investment. Subsequently, on 28 November 2019, the Company announced negotiating with the owners of CIG Pannónia Life Insurance Plc. to restructure the existing equity. On account of the unsuccessful aforesaid negotiations, and with regard to the fact that the Company, as a shareholder, sees that respectively numerous personal and operational factors requiring improvement in the present operation of CIG Plc. shall maintain its operation, and on the grounds of the appropriate course of business fulfilling the requirements of the supervisory authority, and finally, from the point of shareholders’ value maximizing, CIG Plc. initiated an extraordinary general meeting in summer, 2020.
Addition OPUS Zrt.
Addition OPUS Zrt., demerged from Status Capital Kockázati Tőkealapkezelő Zrt. (Status Capital Risk Capital Fund Management Private Limited Company) in July 2020, has a 24.88% ownership in OPUS GLOBAL Plc. The company has shares in enterprises with significant potential, such as, Takarékinfó Központi Adatfeldolgozó Zrt. (Takarékinfo Central Data Processor Private Limited Company), Diófa Alapkezelő Zrt. (Diófa Fund Management Private Limited Company), and, moreover, owns more than 3% OPUS shares, hence, it has equity in the Parent Company, namely in OPUS GLOBAL Plc.