Takarékbank and the savings coops last week announced a public purchase offer for FHB Bank at HUF 533 per share, the statutory minimum.
At a general meeting in April, Takarékbank shareholders agreed to make the acquisition of 100% of FHB a strategic goal of the savings cooperative integration, and mandated the board to move forward with a buyout. The shareholders envisioned a delisting of FHBʼs shares from the Budapest Stock Exchange conditional on the outcome of the buyout.
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