Bloomberg News

E-Star Alternativ Falls as Hungarian State Reviews Contracts

July 02, 2012

E-Star Alternativ Nyrt. (ESTAR), a Hungarian energy company, dropped after the government said it is suspending some payments to the company while reviewing contracts taken over from municipalities.

The shares fell 1.5 percent to 1,231 forint by 12:37 p.m. in Budapest, extending its slide this year to 72 percent.

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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