The Hungarian National Assets Management Company (MNV) raised its stake in vehicle and vehicle parts maker Raba to 73.84% in a public purchase offer ended Monday, National Development Ministry state secretary Janos Fonagy said on Wednesday.
MNV’s voting rights in Raba rose to 76.97%, Mr Fonagy said.
The transaction must still be approved by the EU’s competition authority.
The public purchase offer started on November 11. The state held a combined 16.15% of Raba shares when it made the offer.