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Concorde, a Hungarian fund manager, bought a 5.3% stake in Hungarian software maker Graphisoft SE, a week after Nemetschek AG, a German maker of software, acquired a majority stake in the company.
Concorde, based in Budapest, boosted its holding to 566,506 shares in Graphisoft on January 4, Concorde said today in a statement in the stock exchange newsletter. The stake is valued at Ft 1.3 billion ($6.4 million), based on that day's closing price. Munich-based Nemetschek bought 54.6% of Graphisoft for €51.8 million ($68.6 million), it said in a statement on December 31. The German company now has 15 days to make an offer for the shares it doesn't own. (Bloomberg)