Hungary’s Est Media Declines for Fourth Day to Lowest on Record

Est Media Vagyonkezelo Nyrt., a Hungarian entertainment company, declined for a fourth day to the lowest on record.

The shares of Est Media, which organizes Hungary’s biggest outdoor music festival, dropped as much as 13 percent and traded 6 percent lower at 78 forint by 9:43 a.m. in Budapest.

No bids were accepted at an auction of the company’s shares on the Budapest Stock Exchange on April 20.

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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