Hungarian central bank buys controlling stake in Budapest stock exchange
Move necessary to get capital markets working properly, central bank says
The Central Bank of Hungary (MNB) bought a controlling interest in the Budapest stock exchange on November 20. The MNB announced the news today (November 24) in a press release entitled "Budapest stock exchange is once again in Hungarian hands".
The central bank bought the shares in the stock exchange held by two Austrian companies, CEESEG AG and Oesterreichische Kontrollbank AG. The total value of the deal was $45 million, or 13.2 billion forint, the MNB said.
In October, when announcing its
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