Allianz raises stake to 8% in FHB
Allianz raised the holding through its local unit on July 3, FHB said in a stock exchange statement late yesterday. The bank didn't say what Allianz's stake in FHB was before the transaction.
Shares in the mortgage bank dropped 0.5% to Ft 1,239 yesterday, valuing the lender at Ft 91.7 billion. (Bloomberg)
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.