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Pannonplast completes internal transaction

Pannonaplast Rt sold its 51% stake in Polifoam Kft to Polifin Kft, a company it fully owns, Pannonplast announced on the Budapest Stock Exchange (BÉT) website. Polifin paid the full purchase price on July 29, significantly boosting the cash stock of Pannonplast. The deal will not have an effect on Pannonplast?s consolidated results. Pannonplast founded Polifin in June 2005 with the aim of improving the financing structure of the Pannonplast group.