Court Orders NBH To Release Information On MKB Sale
- 21 Oct 2016 9:00 AM
The Municipal Court of Budapest on Thursday ruled that the National Bank of Hungary (NBH) must release data of public interest regarding the sale of MKB Bank. The NBH sold MKB Bank to a consortium of two private equity funds, Blue Robin Investments and METIS Private Capital Fund, and Hungary’s Pannonia Pension Fund for HUF 37bn in the summer.
The NBH earlier declined a request by a private individual for information on the ownership of MKB’s buyers, arguing that the lenders’ shares did not qualify as public assets.
The Budapest court said MKB’s shares did qualify as public assets and added that the NBH was carrying out a public task when it restructured MKB. NBH said late Thursday that it will appeal the court’s decision.
Republished with permission of Hungary Matters, MTI’s daily newsletter.
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