Tag: privatisation

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Budapest Bank may be listed - How much is it worth?

September 22, 2017, 1:08 pm
Foreign and local owners of large banks in Hungary, and businessmen with close ties to the government have all been eyeing Budapest Bank which has been in state hands for years. But something always came... 

EU refers Croatia to court for failing to amend law on INA sell-off

July 13, 2017, 3:49 pm
The European Commission has referred Croatia to the Court of Justice for failing to amend the law on the privatisation of the energy company INA-Industrija Nafte, d.d. (INA). The EU executive has decided... 

The CEO already has a new job, but who will buy Budapest Bank?

January 16, 2017, 4:37 pm
The Hungarian government has two key goals when it comes to selling off Budapest Bank which has been in state ownership for 18 months: the privatisation itself and to receive at least 200 billion forints... 

No cenbank funds involved in sale of Hungary's MKB - Deputy Governor

April 8, 2016, 2:43 pm
Márton Nagy, the Deputy Governor of Hungary’s central bank (MNB) has talked on Friday with journalists about the sale of MKB Bank and the resolution process. Márton Nagy: There is no MNB funds... 

Hungary MKB may be sold off to the Chinese

January 21, 2016, 12:19 pm
The sell-off of Hungary’s MKB Bank was also on the agenda during a visit by central bank (MNB) Governor György Matolcsy to China last week when he met the senior management of the Bank of China... 

Hungary c.bank denies U.S.search for MKB buyer

November 3, 2015, 8:29 am
Responding to Portfolio’s inquiry the National Bank of Hungary (MNB) has denied a report by local business daily Világgazdaság that MNB Governor György Matolcsy and MKB Bank Chairman-CEO Ádám Balog... 

OTP Bank not interested in Hungary's MKB Bank privatisation

October 28, 2015, 10:44 am
OTP Bank is not interested in buying a share in state-owned MKB, Hungary's largest bank told Reuters on Wednesday. Hungary is looking to sell at least 51% of MKB Bank by the end of December in an international... 

Hungary c.bank readies sale of MKB

October 5, 2015, 1:05 pm
The National Bank of Hungary (MNB), as the resolution authority exercising full ownership rights over MKB Bank, will soon start the process to change the ownership structure of the credit institution under... 

Slovenia's Nova KBM becomes costlier for Hungary's OTP as Apollo raises bid

January 19, 2015, 11:01 am
Slovenia is set to privatise its second-larges bank. Nova KBM (NKBM) already has several suitors, including OTP, Hungary’s largest lender and U.S. private equity fund Apollo. The latter has just... 

Slovenia invites bids for 2nd largest bank NKBM - Is Hungary's OTP in the race too?

August 6, 2014, 8:09 am
After receiving non-binding bids for the purchase of 100% of the share capital of Nova KBM (NKBM), the Slovenian Sovereign Holding (SDH), the state investment firm in charge of selling state asses, has... 

No Constitutional Court verdict on Hungary's savings coop issue

April 16, 2014, 10:26 am
The Constitutional Court has deferred a decision on the complaint filed by the National Savings Cooperative Association last July regarding the integration of savings coops, which could clear the way for... 

Hungary plans no ownership boost in MOL, OTP, Richter

July 25, 2013, 8:34 am
The chief executive of the Hungarian National Asset Manager (MNV) said there is nothing more to sell and the state favours repurchases, but it does not want to increase its ownership either in OTP Bank... 

Coveted by Hungary's MOL, Croatia's INA share not up for grabs (2)

July 12, 2013, 3:10 pm
Croatia is not considering a sale of a 19% stake in energy group INA as it prefers holding on to its current 44.8% ownership share, government sources confirmed to daily Glas Slavonije. Croatia's shares... 

Croatia foresees "hard talks" with MOL on INA shareholder rights

July 11, 2013, 4:16 pm
Croatia's Finance Minister Slavko Linic is expecting difficult talks with Hungarian energy group MOL concerning the amendment of a shareholder agreement regulating control over energy company INA, the... 

Croatia to renew probe into INA acquisition by Hungary's MOL (3)

July 11, 2013, 10:21 am
Croatia's public prosecution has filed an official request with Hungarian authorities to question Zsolt Hernádi, CEO of Hungarian energy group MOL who is suspected to have been involved in bribery during... 

Hungary's MOL to increase stake in Croatian subsidiary INA?

October 31, 2012, 2:42 pm
Croatia's government is mulling the possibility of selling another 19% share in oil company INA to Hungary's MOL, Croatian weekly Globus reported in its latest issue, citing sources close to all three... 

Hungary Fidesz demands gov't to step down, call off privatisations

June 10, 2009, 1:27 pm
Following an overwhelming victory over the Socialist Party (MSZP) in European Elections last Sunday, Hungary's main opposition party Fidesz has called on the government to “step aside from they way... 
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