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Trade of Shares of Civita Group Starts

Deals

Image courtesy of Budapest Stock Exchange (BÉT)

Trade of shares of Civita Group, an agribusiness that makes gluten-free food products, started on the Budapest Stock Exchange on Friday, according to a report by state news wire MTI.

Trade started after the company raised about HUF 453 million in an IPO.

Civita Group owns one of Central Europe's biggest maize mills, with an annual capacity of around 40,000 tonnes. It had revenue of HUF 5 bln last year, data posted on the bourse website shows.

At present, Vapozit Trust holds 82.49% of Civita Group shares and PBG FMC Venture Capital Fund holds 12.62pc. A little under 5% is in free float.

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