Richter Falls Most Since September as State Fund Sells Shares
The stock dropped 4.6 percent to 37,150 forint by the close in Budapest, the biggest daily plunge since Sep. 22, erasing this week’s advance.
The stake in the company held by the state’s Pension Reform and Debt Reduction Fund, created after the government took over assets from privately managed retirement funds, fell below 5 percent, Richter said in a statement to the Budapest Stock Exchange today.
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