Rába Shareholders to Vote on Property Sale
Shareholders of listed automotive industry company Raba will vote on the sale of a large piece of real estate no longer in use in Győr at an extraordinary general meeting on November 9, the EGM proposals show.
If approved by shareholders, the property would be put up for auction at a starting price of HUF 4.1 bln, potentially adding HUF 3.9 bln to Rába's profits after costs.
State-owned N7 Holding owns a little more than 54% of Rába and the foundation of the Széchenyi István University holds 20%. Almost 26% of the company's shares are in free float.
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