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Est Media Heads for Biggest Three-Day Decline in Three Months

July 5 (Bloomberg) -- Est Media Vagyonkezelo Nyrt., a Hungarian entertainment company, fell to a record low, heading for the biggest three-day loss in almost three months.

The shares fell 13 percent to 28 forint by 12:16 p.m. in Budapest, extending its three-day drop to 26 percent, the most on a closing basis since the three days through April 11. The stock slid 14 percent yesterday after the company said it offered to sell a stake in Hungary’s biggest outdoor music festival following a failed bond sale.

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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