The purchases were made by Rahimkulov’s company, UK-based Firthlion, raising its direct stake in BorsodChem to 22.69%.
Rahimkulov is the largest shareholder in BorsodChem, ahead of Austria’s VCP Industries, which holds 21.52%, according to the company’s ownership structure at the end of March.
In September 2005, Rahimkulov said he planned to buy a 15%-16% stake in BorsodChem, then later sell the shares at a 50% profit.
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