Are you sure?

Wallis buyer of WestLB Hungaria

The PR company for Wallis confirmed when asked by MTI on Friday that the Hungarian-owned holding company is the buyer of WestLB Hungária.

Germany's WestLB bank said in July it signed an agreement to sell its Hungarian unit WestLB Hungária as part of a plan to part with all non-strategic assets. It said the buyer of the unit would be announced after approval by competition authorities.

Hungarian financial market regulator PSZÁF said only that the licensing process on the change of ownership is underway when asked by MTI on Friday.

WestLB Hungary had total assets of almost €200 million at the end of 2008. (MTI-ECONEWS)