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Article: Hungary : Hungary watchdog green-lights VCP increasing FHB stake further.
- Article from:
- TendersInfo
- Article date:
- September 5, 2009
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Byline: babalu03
Hungary's financial markets watchdog has cleared Austria's VCP Finanz Holding to increase its direct control in mortgage bank FHB further to 20.003% from its 19.9% voting right.
Based on a conditional purchase agreement that VCP Finanz Holding Kft. (VCP) made with HSBC Bank plc in December 2007, VCP acquired 3.175 m ordinary shares of FHB from HSBC in June this year.
As a result of this transaction VCP's voting rights in FHB have increased to 19.9% from ...