Hungary to Reclaim Oil, Pharma Shares From Pro-Orban Academy

Hungary’s new government plans to renationalize shares that outgoing Prime Minister Viktor Orban handed to an academic foundation set up to propagate his “illiberal democracy” ideology.

Prime Minister-elect Peter Magyar, whose Tisza opposition party beat Orban in a landslide in Sunday’s election, told state radio Wednesday he would reclaim the shares in two of Hungary’s biggest listed companies from the Mathias Corvinus Collegium.