Erste Investment cuts stake in E-Star

Music

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.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

BFK developing regional cycling strategy City

BFK developing regional cycling strategy

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.