Promstar Kft (Promstar) was established as a joint venture in 2002, to supply equipment and parts to agricultural factories, and to acquire dealership rights for tractor supplies in Eastern Europe. Over the next decade, Promstar worked alongside affiliate company Contstar
, a leading agricultural machinery dealer with more than 15 years' experience in the industry. Working alongside Contstar, Promstar engaged in import/export of agricultural machinery, raw materials supply, and accessories to agricultural machinery factories. This business remained the Group's primary activity up until 2012. 2013
From 2013, Promstar operated predominantly in Hungary, supplying agricultural machinery and equipment to the local market. Over the next few years, the Group established a vast network of business contacts and exclusive dealership rights and developed a solid customers' base in the region. 2017
Successfully issued ISIN XS1574800220 EURO Notes to help develop the business and grow operations internationally. Capital raise enabled the company to scale up, attract new partners and clients, and significantly expand the Group's operations. 2019
Launched new growth strategy focused on cooperation with and co-financing of family businesses and fast-growing mid-size companies in the financial services and industrial sectors, both in Europe and internationally. 2020
Initiated large-scale joint ventures in energy, transport and logistics, re-launched a business line focused on importing machinery for distribution by our retail affiliate, Contstar, and originated petroleum-product delivery projects both within and outside the European Union. 2021
Engaged heavily in commodities trading and reverse factoring in the petroleum and marine engineering sectors, and carried out a series of petroleum-products prepayments, intermediating between refineries and buyers.