Hungary OTP chief's Singapore-based fund cannot stop buying OTP shares
- Sertorius Global Opportunities Fund, associated with OTP Chairman-CEO Sándor Csányi, acquired 5,000 OTP treasury shares on the Budapest Stock Exchange (BSE) on Tuesday at an average price of HUF 9,834 per share.
- Total value of the transaction was HUF 49.17 million, giving 1.1% of total turnover with OTP shares yesterday.
- On 24 September, Sertorius bough 60,000 OTP shares at an average price of HUF 9,879. Total transaction value came in at HUF 593 mn, which accounted for 23% of total turnover with OTP shares on Monday.
- 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 almost HUF 17 bn.