Netherlands-based Carose has raised its voting rights in listed Hungarian company TvNetwork from 20% to 32.99%, TvNetwork said.
Under Hungarian market rules, shareholders in listed companies must make a public purchase offer if their stake reaches 33%.
Carose purchased 2.25 million TvNetwork shares on April 22, raising its holding to 5.72 million shares. The seller was probably System Info, which sold the same number of TvNetwork shares on the same day, reducing its voting rights to 1.73%. System Info had raised its stake in TvNetwork to 14.72% on April 16.
TvNetwork's other big shareholders are Businesslink (32.7%) and DIGI (30%). (MTI – Econews)