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Zalakerámia now a closed company

Tilemaker Zalakerámia's conversion into a closed share company was registered by the company court on August 15, according to an announcement in capital market gazette Magyar Tőkepiac. Zalakerámia's shares were delisted from the Budapest Stock Exchange on August 3. Austria's Lasselsberger recently exercised its automatic purchase option on about 1.3% of Zalakeramia's shares after it raised its holding from 89.8% to 93.6% in a public purchase offer earlier in summer. Zalakeramia had pre-tax profit of Ft 377.4 million in H1 2005, down 58% from the same period a year earlier, according to its unaudited, unconsolidated report.