After 2016, OTP Chairman-CEO Sándor Csányi’s Singapore-based fund is piling up OTP shares again. It purchased another minor package on Monday.
Sertorius Global Opportunities Fund, associated with OTP Chairman-CEO Sándor Csányi, acquired 60,000 OTP treasury shares on the Budapest Stock Exchange (BSE) on Monday at an average price of HUF 9,879 per share.
Total value of the transaction was HUF 593 million, giving 23% of total turnover with OTP shares yesterday.
The Singapore-based fund started to be filled up with OTP shares in 2016. In that year alone, it bought HUF 8.2 bn worth of OTP shares. After a long gap, however, it started to pile up OTP shares again and the count is nearly up at HUF 8.7 billion this year, taking the total tally to HUF 16.9 bn.
OTP was an underperformer on the bourse yesterday, and dropped 1% while its blue chip peers gained.