Bloomberg News

Hungary’s E-Star Alternativ Gains After Three Days of Declines

July 16, 2012

E-Star Alternativ Nyrt. (ESTAR), a Hungarian energy company, snapped three days of losses after the company said that Martin William Gordon Palmer increased his stake in the company to 9.92 percent.

The stock increased as much as 9.9 percent and traded 4.6 percent higher at 680 forint by 11:48 a.m. in Budapest, making it the biggest gainer on the 11-member BUX index today.

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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