Hungarian Széchenyi Bank May Buy Raiffeisen
- 6 Jan 2014 8:00 AM
Austria’s Raiffeisen Bank is considering an offer from Széchenyi Kereskedelmi Bank for Raiffeisen Magyarország, Magyar Hírlap reported without citing sources. The government last year bought a 49% stake in Széchenyi Bank, whose majority owner T&T is controlled by István Töröcskei, head of the state debt manager ÁKK.
The government may also file a bid for the Hungarian operations of Erste Bank, Magyar Hírlap learnt from government sources.
Source: Hungary Around the Clock
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