Hungary’s CIG Pannonia Heads for Biggest Decline in Four Months

CIG Pannonia Eletbiztosito Nyrt., a Hungarian life insurer, headed for the biggest decline in more than four months.

The shares weakened 6.3 percent to 435 forint by 10:41 a.m. in Budapest, the biggest drop on a closing basis since November. The slump almost reversed a 6.7 percent rally on March 23.

To contact the reporter on this story: Andras Gergely in Budapest at agergely@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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