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Rába sells minority stake in Busch-Rába

Hungarian vehicle and vehicle-parts maker Rába is selling its 25.5% stake in iron-casting company Busch-Rába to German axle and running-gear manufacturer BPW Bergische Achsen KG, Rába reported on the website of the Budapest Stock Exchange on Monday evening.

Rába did not reveal the value of the transaction.

Rába said that it was selling the stake in Busch-Rába to generate funds for strategic investments in the company's key segments, noting that the sale will have no impact on existing strategic cooperation between the companies. (MTI-Econews)