OTP shares purchased by Csányi Fund

Deals

jessica fejos

Some 300,000 OTP Bank shares were purchased by a fund operated by Sándor Csányi’s Singapore-based CSAM Asset Management, the lending group announced yesterday, as reported by Hungarian news agency MTI. Csányi is the current chairman-CEO of OTP bank.

The Sertorius Global Opportunities Fund, controlled by CSAM Asset Management, purchased the shares for an average cost of HUF 6,200 on the Budapest Stock Exchange (BSE) on Monday.  

CSAM Asset Management acts under the qualified influence of Csányi.

Following the acquisition, the Sertorius Global Opportunities Fund’s OTP stake was raised to 0.44%.

Csányi’s direct stake in OTP remained the same, OTP commented.

OTP share turnover amounted to HUF 9.5 billion on Monday, and OTP shares are valued at HUF 6,465 today, according to the BSE.

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