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MNB: Hungarian ownership of BSE would be better for the marketplace

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The Hungarian National Bank (MNB) is currently in talks with the CEE Stock Exchange Group (CEESEG) to increase its share in the Budapest Stock Exchange, business news portal napi.hu reported today.

MNB, which owns 6.9% of the Hungarian stock market could acquire shares from CEESEG which owns 50.5% of the BSE and another 18.3% from Oesterreichische Kontrollbank AG. 

MNB deputy chairman Ferenc Gerhardt confirmed that the bank is in talks with the majority shareholder. MNB deputy chairman László Windisch reportedly said that the Austrian ownership is not helping the development of the Budapest Stock Exchange but a stronger national commitment would be good for the BSE.

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