Are you sure?

Rába expects over Ft 2 bln from property sale

Rába Nyrt, a Hungarian maker of vehicle parts and military trucks, expects Ft 2 billion-Ft 3 billion from the sale of unused real estate by the end of 2009, business daily Világgazdaság reported.

Rába, based in the west Hungarian city of Győr, has property worth Ft 3.5 billion, Chairman and CEO István Pintér told the paper. Rába will use the income to cut its debts of Ft 14.5 billion, he said.