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Raiffeisen reduces stake in Synergon

Raiffeisen Bank Zrt lowered its stake in IT company Synergon Nyrt from to 1.99% from 14.7% on August 21, the bank announced on Wednesday.

Raiffeisen said it had sold 1.392 million shares in the transaction.
As reported earlier, brokerage Cashline Rt on Tuesday said it purchased 2.3 million shares of Synergon on August 21 and 22, raising its voting rights in the company to 24.8%.
Synergon shareholders will next meet on September 8 at an EGM reconvened after board appointments failed to garner the necessary 75% for approval on June 16. Also up for approval at the meeting will be an expansion of the management share incentive programme and a mandate for the board to purchase treasury shares.