BayernLB in not hurry to sell MKB
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.
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.