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MNB confirms its purchase of Budapest bourse

History

Image by Jessica Fejos

The National Bank of Hungary (MNB) today confirmed for Hungarian news agency MTI that it has purchased stakes in the Budapest Stock Exchange (BSE).

(Photo: Jessica Fejos)

A report by Hungarian online daily napi.hu said that the MNB acquired more than 75% of the Budapest bourse for HUF 13.2 billion. The central bank, however, declined to comment on the details of napi.hu’s report to MTI.

Citing market sources, MTI reported today that the purchase price was well under the earlier estimated market price.

Ownership data updated on October 31 show that CEESEG, a unit of the Vienna Stock Exchange, holds 50.46% of the BSEʼs shares, while the Osterreichische Kontrollbank owns 18.35%, MTI reported.

MNB Deputy Governor Ferenc Gerhard said on September 11 that MNB was in talks with CEESEG, majority owner of the Budapest Stock Exchange (BSE), to acquire ownership of the exchange. On October 21, MNB vice president László Windisch confirmed the plans.

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