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Portfolió sells 50% of stake in Pannonplast

Portfolió Kft a subsidiary of Erste Bank Rt has sold nearly the 50% of its stake in plastic manufacturer Pannonplast Rt, announced the company. Back in February Porfolió acquired a 5.28% stake and reached 5.7 %. After the company sold some of its shares, on June 22 their stake dropped to 3.32 % from 5.15%. The move must have been profitable due to rise in share rates.