Sale Of Budapest Bank Delayed
- 19 Jan 2015 8:00 AM
The contract for the sale of Budapest Bank to the state was not signed on Friday, as scheduled, as the complex negotiations have not been completed, the Economy Ministry said.
The sale price will be announced after the transaction has been completed, the ministry added.
Economy Minister Mihály Varga announced in early December that the state, after buying MKB Bank, is also purchasing Budapest Bank from GE Capital.
Reports estimated the price at Ft 100 billion, Napi Gazdaság recalls.
Source: Hungary Around the Clock
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