Office Depot Unloads Hungarian Arm To Venture Capitalist

Law360, New York (December 20, 2012, 9:08 PM EST) -- Office Depot Inc. will hand over control of its Hungarian business to the country's first privately owned venture capital fund, which will continue to use the office supply giant's trade names and sourcing services, the seller announced on Thursday.

Under the purchase agreement, Central-Fund Venture Capital Fund Management Ltd.  will continue to support global Office Depot customers operating in Hungary, according to a brief statement from the Boca Raton, Fla.-based office supply company.

Office Depot did not say how much Central-Fund paid for its Hungarian unit,...
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