PannErgy said that the public offer begun on September 8 had generated revenue of Ft 419.5 million (EUR 1.7 million).
PannErgy, formerly known as Pannonplast, owns 97% of Pannunion, while private individuals own the remaining 3% of the packaging-materials company.
PannErgy planned to sell between 1.5 million and 13.2 million of Pannunion’s 26.95 million ordinary shares, whose nominal value is Ft 100. (MTI – Econews)
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