Hungary's NABI fund eases stock glut fears

Newswire

BUDAPEST, Sept 22 (Reuters) - First Hungary Fund, majority owner of Hungarian busmaker NABI, recommended on Monday that its shareholders extend the fund's life for another year, easing concerns that NABI stock could flood the market. Analysts said the proposal by First Hungary Fund, which owns 54.06 percent of NABI, would dispel market fears of a glut in NABI shares and allow shareholders to focus on the company's business and operations. "Shareholders have had to look not only at NABI's ...

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