PATHUMTANI, THAILAND – SVI Austria, a subsidiary of SVI Public Co., signed a share purchase agreement to divest 49% of its shareholding in SVI Hungary to ml&s Personalservice and ESCHA.

SVI Austria will continue to be a major shareholder in SVI Hungary, with 51% ownership for an interim period of two years. Thereafter, the purchasers will acquire the remaining 51%.

The value of the acquisition is less than 15% and the total size of all transactions in the past six months and does not exceed the 15% threshold limits as prescribed in the regulations.

The purchasers are expected to increase SVI Hungary's revenues with new business, as well as provide investments in new equipment.

ml&s is a subsidiary of duotec, a German EMS firm with consolidated revenues of more than €230 million.

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