Are you sure?

Energy supplier and trader Alteo establishes new unit

Hungarian energy supplier and trader Alteo on December 5 established a new unit, ALTEO Energiakereskedo Zrt (ALTEO Energy Trader), Alteo reported on Tuesday.

Alteo said the company established the unit in order to broaden the scope of its energy-trade activities.

Alteo is the sole owner of the unit, which it set up with a capital contribution of HUF 25m. The unit has registered capital of HUF 5m, with 50,000 shares of HUF 100 nominal value each.

Alteo is a B-category issuer at the Budapest Stock Exchange.