Gránit Bank Closes Acquisition of Controlling Stake in Diófa
Gránit Bank on Friday announced the close of its acquisition of a majority stake in fund manager Diofa, which has a portfolio of close to HUF 800 billion, according to a report by state news wire MTI.
The transaction was closed after being cleared by the National Bank of Hungary (MNB).
Gránit Bank announced the deal in January and said the acquisition dovetailed with its long-term strategy to expand its private banking and investment services.
The bank earlier acquired a controlling stake in brokerage Equilor.
Diófa's portfolio includes over HUF 310 bln in retail property funds.
Gránit Bank has a balance sheet of more than HUF 1 trillion.
ÁKK Sells HUF 82.5 bln of Bonds at Auction, Above Plan
EC Puts Hungary 2024 GDP Growth at 2.4%
HU-rizon Program: HUF 8 bln Funding for International Resear...
Marcelito Pomoy to Perform in Budapest Next Week
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
