IFLR1000

National Bank of Hungary acquisition of controlling stake in Budapest Stock Exchange

24/11/2015
Public acquisition
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$ 45 million

Completed

24/11/2015

Overview:

  • National Bank of Hungary has acquired a controlling stake in the Budapest Stock Exchange from CEE Stock Exchange Group and Österreichische Kontrollbank.
  • The bank took a 50.46% stake from CEE Stock Exchange Group and a 18.34% from Österreichische Kontrollbank giving it a 75.8% stake.
  • The price was 3,550 forints per share, valuing the transaction at around $45 million.

Sam Duke - Editor

Jurisdiction:

Hungary

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

Hungary

Industry sector:

Financial services

Firms:
Bird & Bird

Party: CEE Stock Exchange Group (CEESEG) (Seller)

Lawyer: Konrád Siegler

Dentons Réczicza

Party: Hungarian National Bank (HNB) (Acquirer)

Lawyer: István Réczicza

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