Management-Employee Buyouts in Hungary and Poland

Abstract

In Hungary, by May 1995, 209 employee buyouts took place altogether in the Employee Share Ownership Program (ESOP). During the same period the total number of companies which were transferred to over 50 per cent private ownership, was 923; thus, the ESOP accounts for 22.6 per cent of the sales. The companies sold under the ESOP construction make up 11.3 per cent of the 1,848 state-owned companies designated for privatization in 1989.