Hungarian bank MKB, controlled by German bank Bayern LB, has, according to preliminary information, bought a 55.3% stake in Romexterra Bank, through the tender offer it put out, which was finalised at the end of last week. At the same time, private equity company PPF Investments managed to collect some 5% of the shares in the first three days of its own tender offer. "Our preliminary data points to the fact that MKB collected a 55.3% stake following its tender offer, which ended September 23. Payment for the shares will be made by MKB through the branches of the Romexterra network by mid October. The money is to be transferred to the shareholders after tax due from the transactions in shares has been paid to the state budget," Mirela Negrutzi, marketing and public relations manager of Romexterra Bank told ZIARUL FINANCIAR.
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