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Morgan Stanley Buys Stake in Nabi

Morgan Stanley, the largest U.S. securities firm, bought a stake in unprofitable Hungarian bus maker Nabi Bus Industries Rt, becoming its second-largest owner after the First Hungary Fund. Morgan Stanley bought a 6.8% stake in Nabi for an undisclosed price, the Hungarian company said yesterday. The report didn't say who the seller was. First Hungary is Nabi's largest shareholder with a 37.3% stake, while Citigroup Inc. owns 6.1%. (Bloomberg; NG 11)