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First Hungary Fund's stake in NABI drops

The stake held by First Hungary Fund in Hungarian bus maker NABI Rt fell to 37.28% from 54.06%, business daily Napi Gazdaság reported. Nabi said on September 13 that the fund started distributing its Nabi-shares to various shareholders of the fund. The fund decided to get rid of the stake at the end of last year. In addition to fund members, some shares are expected to be sold to strategic investors. The fund first distributed a 8.21% NABI stake to its shareholders and distributed another 8.57% package on September 21.