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Norway’s Skagen AS acquires 5.2% Richter stake

Norway’s Skagen AS investment fund has acquired a 5.2% stake in Hungarian drug maker Richter Gedeon, Richter said on Tuesday in a filing with the Budapest Stock Exchange.

The acquisition makes Skagen AS, based in Stavanger, Norway, the third-largest shareholder behind the Hungarian government, which has 25%, and the Bank of New York Mellon Corp., which holds 14.6%, according to Bloomberg data. Skagen had no stake in Richter prior to the transaction, it said. (Reuters, Bg)