Erste Investment cuts stake in E-Star
Erste Investment, the investment arm of Erste Bank, has reduced its direct and indirect stake in alternative-energy company E-Star from 5.05% to 4.76% (125,506 shares), the companies announced on Tuesday evening.
The stake includes 0.57% (15,000 shares) held by Erste Investment and 4.19% (110,506 shares) held by the company's 100% subsidiary Portfolio Kft.
E-Star, formerly called RFV, had after-tax profit of HUF 2.03 billion on revenue of HUF 6.29 billion in the first quarter of 2011, compared to profit of HUF 247 million and revenue of HUF 1.22 billion in the first quarter of 2010.
E-Star is an A-category issuer at the Budapest Stock Exchange.
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