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)