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MNB invites bids for stake in interbank clearing house Giro

The National Bank of Hungary (MNB) said it is selling its 7.3% stake in interbank clearing house GIRO.

The bank is offering its 182 shares in GIRO for sale in four share packets. Two of the packets consists of 46 shares and the other two 45 shares each.

The deadline for making bids for the stake is April 13.

The MNB invited bids for the Giro stake in November 2010 with a submission deadline of December 14. The bank did not disclose the results of the November bidding which apparently was unsuccessful.

GIRO was established by 11 credit institutions and the MNB in December 1988. At present, the company has 27 shareholders.