Rahimkulov parts with DKG-East stake
Friday, April 21, 2006, 08:50
The UK's Firthlion, a company controlled by Megdet Rahimkulov, the owner and president of ÁÉB Bank Rt, has sold a 10% stake in DKG-East Rt, a maker of equipment for the oil and gas industry, for an undisclosed price to Saturley Holdings, based in the British Virgin Islands, business weekly HVG
reported in its latest issue, out yesterday. With the purchase, Saturley's stake in the company has risen to 29.6%, making it the biggest institutional investor in DKG-East. Magyar Befektétesi és Vagyonkezelő, a unit of the formerly state-owned Saye Tanácsadó és Szolgáltató, holds 12.8%, the local council of Nagykanizsa has 3.5%, and the local council of Fonyód owns 2.8%. The rest is held by private investors, of whom Rahimkulov is no longer one.