PIO is offering to purchase BIF shares listed at a face value of HUF 100 for HUF 600.04 per share. Based on the purchase price, PIO is valuing the company at around HUF 15.5 billion.
Shareholders can decide to accept the offer between May 29 and June 28. The National Bank of Hungary has already authorized the public takeover bid. PIO currently has a 29.81% share in BIF, which has HUF 2.58 bln in registered capital.
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