OTP shares purchased by Csányi Fund
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.
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.