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Fotex raises stakes in several units

Holding company Fotex has increased its direct majority stakes in some of its subsidiaries, according to an announcement in the capital market gazette Magyar Tőkepiac. The announcement did not name the sellers or the purchase price of the stakes, but some of the shares are likely to have changed hands within the group.
Fotex raised its direct stake in retail chain Azúr from 72.5% to 99.45% and increased its stake in Fotex Records from 69.3% to 89.06%. It also raised its stake in Fotexnet from 79.7% to 95.21%.