(25 490 HUF, 1,07%) would partner with bigger rivals including Russia's (13 EUR, -2,14%) but not with Austria's (43 EUR, -0,09%), its chief executive and chairman told a newspaper. "If I had to look for a partner, I would rather approach (27 EUR, -0,15%), (8 EUR, 0,76%) or , but not ," Zsolt Hernadi was quoted as saying in the Financial Times Deutschland in an interview published on Monday. "From our point of view we have now ended the whole show," he added.
Our view: Not the first time is so negative on potential partnership with . From our perspective we see almost no chance that the companies would start any kind of partnership talks soon. That leaves with a difficult decision – to launch a public bid, which could be consider as hostile or leave its stake in unchanged until better times.