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OTP Bank buys out minority stakeholder in property fund manager

OTP Bank on Tuesday said it bought out Sinvest Trust's 49% stake in OTP Ingatlan Alapkezelő to give it 100% of the property fund manager.

OTP Bank closed the transaction on January 25. The bank did not reveal the purchase price.

OTP Ingatlan Alapkezelő manages two funds with assets of almost HUF 35 billion. (MTI-ECONEWS)