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MNV to acquire almost 10m Raba shares

The National Asset Management Company (MNV) is to acquire almost 10m shares of vehicle and vehicle parts maker Raba as a result of its public purchase offer and the ensuing share transfer agreements, Raba said.

Raba published its information memorandum after the period for accepting offers as part of the public purchase offer was closed on Monday.

The company’s existing owners accepted offers for 9,948,979 dematerialised registered ordinary voting shares with face value of HUF 1,000 per share.

The transaction must still be approved by the EU’s competition authority.

As it was reported earlier, MNV raised its stake in Raba to 73.84% in the public purchase offer.