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Phylaxia boosts stake in business radio

Veterinary drug company Phylaxia 1912 Holding on Thursday said it raised its stake in MŰSOR-HANG, which operates business news radio broadcaster Gazdasági Rádio, by 3% to 100%.

Phylaxia also said MŰSOR-HANG as well as its unit Palota Gumi, in which it holds a 74% stake, would be converted from limited liability companies (Kft.) into closed companies limited by shares (Zrt.) on October 1, 2009. (MTI-ECONEWS)