FHB Soars On Takarékbank Acquisition Speculation In Hungary
- 19 Dec 2013 8:00 AM
Shares in FHB surged 9.5% on the Budapest Stock Exchange on Wednesday on speculation that the mortgage bank could become a majority owner of Takarékbank, Napi Gazdaság writes.
Plans for state development bank MFB to sell its 35.5% stake in Takarékbank shares and for Magyar Posta to sell its 19.3% holding in an international tender were published in the official gazette Magyar Közlöny on Tuesday.
The deadline for bids is January 15, 2014. Bids will be evaluated by March 15, and a contract signed by March 30, according to the decree.
Source: Hungary Around the Clock
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