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Abberley Investment Ltd. purchased 5.5% of plastic packaging maker Pannonplast Rt, Pannonplast said in a statement today.Seychelles-based Abberley also holds an option to purchase a further 2.2% stake in the company, the statement said.
In separate news, Pannonplast said it dropped out from bidding for 49.9% of MIVIZ Miskolci Vízmű Kft, a public utility operating in northeast Hungary.