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EBRD sells stake in Rába automotive group
The EBRD has sold its equity stake in the Hungarian automotive group Rába
Magyar Vagon- és Gépgyár Rt. The 10.85 per cent-stake was sold at the Budapest
Stock Exchange on Wednesday, following a ten-year involvement by the Bank with
Rába.
The Bank bought its stake in Rába in 1997 and was part of the successful
privatisation and restructuring of the Hungarian company based in the west
Hungarian city of Győr..
The EBRD continues its operations in Hungary and its focus in the future will
be on areas where higher risk products like structured debt, mezzanine and
equity can support projects and in new sectors such as energy efficiency and
energy security, healthcare, securitisation and public/private partnerships.
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