Rába Shareholders Clear Property Sale
Shareholders of listed automotive industry company Rába voted to sell a test track the company no longer uses at an extraordinary general meeting on Tuesday, the EGM resolutions show, according to a report by state news wire MTI.
The property will be sold in an auction at a reserve price of HUF 557 million, the value an independent appraiser put on the track on the edge of Écs (101 km west of Budapest).
The sale of the property would add HUF 405m to Raba's earnings, the proposal put to shareholders shows.
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