Bloomberg News

Raba Advances Most Since November on Hungarian Military Report

February 28, 2012

Raba Nyrt. (RABA), a majority state-owned Hungarian vehicle maker, rose the most since November after Nepszabadsag reported that the government plans to use the company to help expand the country’s military industry.

The shares rose 15 percent to 755 forint at the end of trading in Budapest, the most since Nov. 8, after being temporarily suspended for breaching the 10 percent intraday trading limit.

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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