Tag: acquisition

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How will the sale of T-Systems change Hungary's Magyar Telekom?

July 9, 2019, 5:07 pm
In view of the how T-Systems fared over the last few years, the sale of its subsidiary to 4iG could reduce its sales revenue by nearly one sixth, whereas its profit is not seen changing meaningfully. ... 

How large will Hungary's new IT giant be?

July 9, 2019, 3:40 pm
By taking over T-Systems, Hungary’s 4iG is becoming a big shot on the country’s IT market. Annual turnover of the new company is likely to be close to 150 billion forints in the short term.... 

Hungary's OTP beaten in race for Slovenia's Abanka

June 20, 2019, 8:36 am
Slovenia will sell its third-largest bank Abanka to the country’s second-largest bank Nova KBM, which is owned by U.S. investment fund Apollo, state-owned Slovenian Sovereign Holding (SDH) decided... 

Hungary's OTP said to be one of the bidders for Slovenian bank

June 14, 2019, 11:32 am
OTP Bank, Hungary’s largest lender, and investment fund Apollo have made bids for Slovenia’s Abanka, Slovenian daily newspaper Delo reported on Friday. Investment fund Apollo and OTP Bank... 

What kind of bank could Hungary's OTP buy next?

May 31, 2019, 4:37 pm
The privatisation of Komercijalna Banka, one of Serbia’s largest banks, is about to begin, and OTP was rumoured as one of the potential bidders. Let’s take a look at what we should know about... 

One of Serbia's largest banks goes up for sale - Will Hungary's OTP make a bid?

May 31, 2019, 1:48 pm
The Serbian government has put up for sale a 83.23% stake in the country’s second-largest bank, Komercijalna Banka, the official privatisation announcement published in daily newspaper Politika showed... 

Orbán's dream? 'Team Csányi' has already done it!

May 6, 2019, 4:59 pm
OTP will buy one more bank and then rest some, Chairman-CEO Sándor Csányi has said recently, suggesting that the acquisition tour started in 2014, in which Hungary’s largest lender acquired ten financial... 

What should we know about OTP's newest acquisition

May 3, 2019, 11:50 am
In line with previously announced plans, Hungary’s OTP Bank made an acquisition in Slovenia. It has bought SKB, another Societe Generale’s operation, as the French bank has been divesting its... 

Hungary's OTP buys fourth-largest bank in Slovenia

May 3, 2019, 8:08 am
Hungary’s OTP Bank has announced on Friday that it is buying a bank in Slovenia. The new asset, however, is not the previously reported Abanka but Societe Generale’s local operation. OTP... 

Hungary's OTP to buy one more bank in Slovenia and then take five

May 2, 2019, 3:14 pm
Hungary’s OTP plans to buy one more bank in Slovenia and then hang up the gloves for a while, Chairman-CEO Sándor Csányi told news portal index.hu in an interview published on Thursday. He said he... 

Hungary's OTP seen eyeing takover in Croatia again

April 29, 2019, 2:53 pm
Hungary’s OTP Bank may be interested in buying up to two more financial institutions in Croatia, local daily newspaper Jutarnji list reported on Monday. One of them is Addiko, while the other would... 

Hungary Mol to buy outstanding Slovnaft shares

April 12, 2019, 4:45 pm
Hungarian energy group Mol has announced on Friday that it is going to make a voluntary public offer to the shareholders of Slovnaft a.s. for all outstanding shares not yet held by Mol. Through this... 

Hungary's OTP to buy three more banks and then it will stop - Csányi

April 12, 2019, 1:22 pm
OTP Bank, Hungary’s largest lender, is holding its annual general meeting today. Besides the usual matters there are two more interesting items on its agenda, one is dividend payment, and the other... 

4iG rumoured to be eyeing T-Systems Hungary

April 3, 2019, 10:12 am
There is a rumour on the Hungarian market that 4iG, an interest of Lőrinc Mészáros, a billionaire ally of Prime Minister Viktor Orbán, is eying T-Systems Hungary, the infocommunciations arm of Magyar Telekom.... 

Hungary OTP closes bank acquisition in Albania

April 1, 2019, 8:26 am
OTP Bank, Hungary’s largest bank by assets, has announced on Monday that on 29 March 2019 the financial closure of the Albanian transaction has been completed. As a result, OTP Bank has become... 

Hungary's OTP addresses report on Slovenian bank acquisition

March 19, 2019, 11:32 am
According to a Slovenian daily newspaper, Hungary’s largest bank by assets OTP has submitted the highest bid of EUR 300 million for the third-largest bank of the country, Abanka. OTP has partly rejected... 

Hungary's OTP seen eyeing Slovenian bank(s)

March 18, 2019, 11:29 am
Management of Hungary’s OTP Bank has been repeatedly speaking about their intention of expanding the group to Slovenia, and it seems Hungary’s largest lender could soon report a bank acquisition... 

Erste Hungary grows wings, looks for acquisition targets

March 8, 2019, 10:51 am
The Hungarian subsidiary of Austria’s Erste Bank posted 61 billion forint pre-tax profit in 2018, and its lending activity was much greater than the banking sector’s average, the bank’s... 

Hungary OTP buys yet another bank

February 28, 2019, 8:33 am
Hungary’s OTP Bank just cannot stop buying the regional assets of Societe Generale. It has announced on Thursday that it has signed an acquisition agreement on purchasing a majority stake in the... 

Hungary's OTP buys bank in Moldova

February 6, 2019, 8:16 am
Moldovan press reports were right: Hungary’s OTP Bank has announced on Wednesday that it has acquired a majority stake in the country’s fourth-largest bank, Mobiasbanca, from Societe Generale... 
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