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BorsodChem shares sold in private placement.

Europe Intelligence Wire

| October 01, 2004 | COPYRIGHT 2004 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Hungarian News Agency (MTI))

Budapest, October 1, 2004 (MTI-ECONEWS) - Austrian Vienna Capital Partners (VCP) sold 62.6pc of BorsodChem's shares in a private placement without options with an offer price of 1,850 forints per share, and USD 9.28 per GDR.

VCP determined the rate at HUF 1,775-2,075. ...

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