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OTP buys back shares for HUF 919 mln on Friday

Telco

Hungarian-owned OTP reportedly purchased back 155,658 of its shares on Friday for HUF 5,902 each, the bank said in a statement published on the Budapest Stock Exchangeʼs (BSE) website today, according to Hungarian news agency MTI.

Data by BSE suggest that the HUF 919 mln buyback was 23% of OTPʼs turnover on Friday. MTI noted that today shortly after 10:15 AM OTPʼs share price was up 0.10% at HUF 5,886.

On Tueday, it was reported that two of Hungarian OTPʼs top executives sold approximately HUF 364 mln of the bankʼs shares on Monday. And again on Friday it was reported that two of Hungarian OTPʼs top executives reportedly sold more than HUF 700 mln of the bankʼs shares on Thursday.

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