News Article Appeninn Hungary investment Konzum OTP
by Property Forum | Investment

Hungarian investor Appeninn Nyrt. has announced that holding company Konzun sold over 2 million ordinary shares with the face value of HUF 100, issued by the company, to OTP Real Estate Investment Fund within an OTC transaction.


Arising from the said transaction and other stock market transactions, the amount of the shares, owned by OTP Real Estate Investment Fund has been increased to 2.4 million pieces, meaning OTP Real Estate Investment Fund has acquired a business quota representing 5.92 percentage of the share capital of Appeninn Nyrt.
 
As a result of the transaction the percentage of share of Konzum Nyrt. in the company decreased to 21.18 percent. As a result of the transaction, the percentage of share of Konzum group in the company decreased to 46.46 percent.