GVH approves MKB Bank’s acquisition of MKB-Euroleasing

Competition

Hungaryʼs competition office (GVH) has approved MKB Bankʼs acquisition of the sole and direct control over car financing company MKB-Euroleasing, Hungarian news agency MTI reported today.

Additionally, GVH approved holding company Eurolízing Letétʼs acquisition of sole control over MKB-Euroleasing subsidiaries insurance broker Eurorisk Biztositási Alkusz and investment service provider CarNet Invest Befektetési és Vagyonkezelő and shared control over VASAS-Pasarét Üzemeltető és Szolgaltató, another unit of MKB-Euroleasing, jointly with VASAS Sport Club.

GVH said the activities of the MKB Group acquiring MKB-Euroleasing do not include car financing and related services.

In connection with Eurolizing Letét, GVH has established that it only acts as a holding company and the companies under its control do not perform market transactions either.

ADVERTISEMENT

Industries lose billions on counterfeit products Analysis

Industries lose billions on counterfeit products

Parl't to vote on groundwork for commercial accommodation ra... Parliament

Parl't to vote on groundwork for commercial accommodation ra...

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest re-launches airport shuttle bus City

Budapest re-launches airport shuttle bus

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.