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EDF makes Démász buyout offer

EDF International S.A., the majority owner of Hungarian electricity distributor Démász Nyrt, announced a public offer for all outstanding shares at a price of Ft 20,000 per share.

EDF published its offer on the website of the Budapest Stock Exchange (BÉT) on Monday morning.
Trading in Démász shares has been suspended since August 23 at the request of the issuer. The last closing price of Démász was Ft 17,300. EDF currently owns 60.91% of Démász shares.