Hungarian central bank to bid for country’s stock exchange
Move intended to facilitate listing of state-owned companies, spokesman says
The Central Bank of Hungary (MNB) is negotiating to buy a majority stake in the country's stock exchange, a spokesman confirmed in an email to Centralbanking.com today (October 27).
The MNB's purchase of the Budapest stock exchange is intended to "facilitate the listing of state-owned companies, as well as small and medium-sized enterprises", the spokesman said.
The MNB confirmed news reports that it is negotiating to buy all or part of the shareholdings of two Austrian companies, CEESEG
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