Malév shareholder meeting suspended

History

Shareholders of Hungarian national carrier Malév did not discuss a proposal to settle the company's capital position at a general meeting on Wednesday because not all of the decisions to ensure the necessary funds had been taken, the National Asset Management Company (MNV) said.

The meeting was suspended until August 23, 2011.

Troubled Malév was renationalized in March 2010, but Russia's state-owned Vnesheconombank still holds 5% of the airline's parent company.

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