HVB has increased its stake in the Budapest Stock Exchange (BSE) to 25.2 %, twice the previous shareholding of 12.7%. As a result of the transaction, HVB’s stake in the Budapest Commodities Exchange rises to 75%. The German banking group is understood to have paid HUF 8 billion (EUR 32 million).
Erste Bank has also raised its share in BSE to 12.2% (previously 5.8%). With new shareholders KB having11% and Raiffeisen 6.4% in the stock exchange, the total Austrian package holding in the BSE is 68.8%.