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Hoffmann Neopac buys Pannonplast unit

Pannonplast Rt, a Hungarian maker of plastic packaging, sold its 62.2% stake in a unit producing tubes to Hoffmann Neopac AG, Pannonplast said in a stock exchange statement.
Swiss-based Hoffman paid an undisclosed sum for the stake. Pannonplast said the purchase will add Ft 1 billion to its second quarter profit.