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Fotex unit in the Netherlands establishes subsidiary

Fotex Netherlands BV, the Netherlands-based unit of Hungarian holding company Fotex, has established a subsidiary called FN2 BV in order to further develop and manage it real-estate portfolio in the country, Fotex announced on Wednesday evening.

FN2 BV was registered on June 24, 2011.

Fotex is an A-category issuer at the Budapest Stock Exchange.