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Raiffeisen International reduces stake in Synergon

Raiffeisen International Bank AG's Hungarian unit reduced its stake in Synergon Rt, the country's biggest independent computer-services company.

Raiffeisen International, an Austrian bank with most of its business in eastern Europe, cut its holding in Budapest-based Synergon to 4.9% from 7.8% on March 17, the lender said in a statement today. Shares of Synergon were up 0.6% to Ft 710 at 3p.m. in Budapest. They have risen 41% this year.