PSzÁF fines 2 Pick Szeged shareholders
Thursday, July 7, 2005, 10:31
Financial market regulator PSzÁF has fined two Hungarian investors Ft 50 million each for colluding to obtain stakes in Pick Szeged Rt, Hungary's best-known sausage maker business daily Napi Gazdaság reported. The two men, József Brazsak and János Csarodai, who each own just under a third of Pick Szeged shares, may not exercise their ownership rights and must sell their stakes within 60 days under PSzÁF's resolution. Regardless of the resolution, PSzÁF said it would continue its investigation to find if takeover rules had been violated in the case of Pick Szeged.