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Tungsram Company Ltd.

$30 million
Project Brief
Not Active

MIGA executed a 20-year, $30 million reinsurance agreement with the Overseas Private Investment Corporation of the United States to support the General Electric Company's $150 million acquisition of an interest in the Tungsram Company Ltd., of Hungary, which produces lighting products. The U.S. company's investment-one of the largest foreign investments in Eastern Europe since the recent implementation of radical political and economic reforms in the region-will help to modernize and expand Tungsram's manufacturing and distributing operations. The risks covered by MIGA under its reinsurance contract are currency transfer and expropriation.