BayernLB in not hurry to sell MKB

Analysis

The Bayerische Landesbank (BayernLB) has not given exclusivity to any of the potential buyers of its Hungarian subsidiary MKB bank, and does not conduct advanced talks with any of the interested parties, MKB told MTI in a note on Friday. Reacting to market rumours, BayernLB reconfirmed that the sale of MKB is part of its agreement with the European Commission, but there is no hurry as the deadline for the deal is 2016, MKB said. Earlier, news portal Origo.hu reported, citing unnamed sources, that OTP Bank was in talks with BayernLB to buy MKB.

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