Hungarian venture capital company Arago Befektetesi has been ordered to amend the apparently inaccurate "wording, definitions and legal references" contained within its bid for the remaining shares it does not already own in the largest domestic meat processor Pick Szeged Rt.

The capital market authority PSZAF announced earlier today [Tuesday] that Arago would have five days to amend the bid, and if it does not comply, PSZAF will refuse approval.

Arago placed the public bid for the outstanding Pick shares on 2 October this year, when it said it would pay 3,770 forints (US$13.44) per share.

To visit the website of Pick, click here.