Liquidator sells only a handful of bourse shares held by failed brokerages

Deals

Photo courtesy Budapest Stock Exchange

Shares in the Budapest Stock Exchange held by failed brokerage Buda-Cash have been successfully sold while other sales were less successful, according to liquidator PSFN, Hungarian news agency MTI reported today.

Sales of shares held by Quaestor and Hungária Értékpapír, the other two independent brokerages that went bust last year, were unsuccessful, PSFN said.

The 4,842 shares held by Buda-Cash were sold at “the highest possible” price, the liquidator said. New offers for the 65,124 shares held by Quaestor and the 32,878 shares held by Hungária Értékpapír will be called, it added.

The combined stake of the three brokerages in the bourse account for about 1.9% of its share capital.

The initial offer for the stakes was called by PSFN in January.

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