Bank Gospodarstwa Krajowego has entered into a EUR 40 million financing agreement for the development and long-term investment of a Puro Hotel in Budapest.
BGK, Poland’s state development bank, supports Poland’s sustainable social and economic development and plays a role in financing exports and the foreign expansion of Polish companies.
According to the Schoenherr law firm, which advised BGK on the deal, the Budapest deal marks the Puro brand’s first venture outside of Poland.
Budapest’s Szabo, Kelemen & Partners Andersen law firm advised Puro.
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