Rahimkulov Invests In Hungary's BTel
- 13 Feb 2014 8:00 AM
Skillinvest, a firm linked to OTP investor Megdet Rahimkulov, has injected Ft 500 million into BTel, raising its stake in the telecoms company to 7.5%. Skillinvest, founded in 2013, has not yet filed financial reports with the company registry. Its leaders are Judit Bankó, Josif Vasser and Timur Rahimkulov, son of former Gazprom representative Megdet Rahimkulov.
Father and son together hold 8.9% of OTP shares.
Skillinvest subscribed BTel shares at a price of Ft 1,000 each, above market value. As a result, BTel raised its registered capital by Ft 50 million to Ft 936 million, and placed Ft 450 million into capital reserves.
The capital injection is part of the capital increase plan approved last year, which is not completed yet, said BTel CEO Krisztián Takács.
Source: Hungary Around the Clock
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