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Hungary OTP gains control in private equity firm

February 26, 2010, 8:38 am   Hungarian version  
 
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Hungary’s OTP Bank has announced on Friday that on 25 February it acquired an 80% direct control over venture capital fund PortfoLion Kockázati Tőkealap-kezelő Zrt.


PortfoLion has a subscribed capital of HUF 25 million and has been held by three private individuals, Tibor Németh (34%), Viktor Tóth (33%) and Gábor Ligetfalvi (33%). OTP Bank, Hungary’s largest lender obtained 80% of the company via a HUF 20 m capital increase.

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