ADVERTISEMENT

Raiffeisen reduces stake in Synergon

In Hungary

Raiffeisen Bank Zrt lowered its stake in IT company Synergon Nyrt from to 1.99% from 14.7% on August 21, the bank announced on Wednesday.

Raiffeisen said it had sold 1.392 million shares in the transaction.
As reported earlier, brokerage Cashline Rt on Tuesday said it purchased 2.3 million shares of Synergon on August 21 and 22, raising its voting rights in the company to 24.8%.
Synergon shareholders will next meet on September 8 at an EGM reconvened after board appointments failed to garner the necessary 75% for approval on June 16. Also up for approval at the meeting will be an expansion of the management share incentive programme and a mandate for the board to purchase treasury shares.

ADVERTISEMENT

Czech economic confidence weakens in November Analysis

Czech economic confidence weakens in November

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

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.