#Budapest #Hungary #retail #Indotek Group #Auchan Hungary

Indotek Group Expands Holdings by Acquiring Full Ownership of Auchan Hungary

Indotek Group has made headlines by acquiring the remaining 53% stake in Auchan Magyarország Kft. (Auchan Hungary), thus becoming its sole owner. This acquisition follows an 18-month period during which Indotek was responsible for the operational management of Auchan Hungary. Now transitioning to exclusive ownership, the company is poised to take significant strides in the Hungarian retail market.

Strategic Partnership Strengthened

The decision to purchase the remaining shares from Auchan Retail International marks a pivotal step in the enduring strategic partnership between Indotek and Auchan Retail. Following the acquisition, Auchan Hungary will operate independently, supported by new credit lines from Erste, Raiffeisen, and UniCredit. This change replaces a previous internal financing agreement with Auchan Retail International.

Daniel Jellinek, CEO of Indotek Group, remarked, “Transitioning to full ownership is the next logical step in our long-term strategic partnership with Auchan Retail International. Our management of Auchan Hungary since late 2024 has showcased our commitment and confidence in its future.” Indotek’s operational oversight aims to bring sustained improvements to Auchan’s operational framework and supplier relationships.

Continuity and Commitment to Growth

Auchan Hungary will continue its daily operations seamlessly, ensuring uninterrupted service for customers, employees, and partners. Even as Indotek finalizes its ownership transition, Auchan Hungary will enhance its operational performance and strengthen ties with its suppliers. Jellinek emphasized the importance of this ongoing partnership, stating that they intend to invest further into Auchan Hungary to preserve and enhance its market position.

Guillaume Darrasse, General Manager of Auchan Retail, affirmed that Indotek has demonstrated reliability and responsibility as a partner throughout the past 18 months. “The relationship with Auchan Hungary remains vital for Auchan Retail International, given the regional strength and operational framework under Indotek,” he noted. Agreements concerning brand licensing and centralized purchasing will remain intact, ensuring that Auchan Hungary continues to leverage the extensive distribution network of Auchan.

Operational Enhancements and Future Outlook

The shift to independent financing enables Auchan Hungary to better meet local market demands while reinforcing its connection with local producers. This transition reflects Indotek’s broader strategy to strengthen the retail chain’s offerings and establish itself as a prominent player in the Hungarian market.

Since taking over operational management in late 2024, Indotek has effectively implemented improvements within Auchan Hungary. The enhanced operational strategies and transformed supplier relations mark the foundation for continuous growth.

Post-acquisition, Auchan Hungary will benefit from a more tailored product assortment that resonates with local customer needs and preferences. Dániel Jellinek expressed confidence in constructing a robust offering for Hungarian consumers while maintaining the advantages derived from Auchan Retail International.

About Indotek Group

Based in Budapest, Indotek Group is an emerging European firm specializing in real estate investment and asset management. With a diverse portfolio of over 350 properties across 12 countries, it focuses on revitalizing undervalued or underperforming assets while emphasizing sustainable growth and long-term value creation.

About Auchan Hungary

Having established itself in 1998, Auchan Hungary operates 19 hypermarkets, multiple supermarkets, and a robust online shopping platform, highlighting its significant contribution to the Hungarian retail landscape. The firm employs approximately 5,400 personnel and achieved a turnover of about 1.5 billion euros in 2025.

Conclusion

With Indotek Group now the exclusive owner of Auchan Hungary, the retail chain is set for extensive growth and adaptation to the local market, directly benefiting consumers across Hungary. This strategic move not only cements Indotek's position within the retail sector but also enriches the commercial landscape in Hungary, fostering productive partnerships and a commitment to quality service across its operations.