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Népszabadság gets HUF 300 mln capital raise

Népszabadság, which publishes Hungary's biggest broadsheet, recently got a HUF 300 million capital raise, business weekly HVG reported in its latest issue.

Népszabadság owner, Swiss publishing giant Ringier, paid HUF 215.6 million of the raise and the socialist party foundation contributed HUF 84.4 million, HVG learnt.

The company's share capital rose to HUF 1.3 billion as a result.

Népszabadság's capital was previously raised in the autumn of 2009, also by HUF 300 million. (MTI – Econews)