It Will Soon Be Clear Whether It Is Possible to Buy a Bank From István Tiborcz without the Buyer Risking the Recovery of Assets
4 Articles
4 Articles
A lot of information and speculation has emerged about how István Tiborcz, son-in-law of former Prime Minister Viktor Orbán, partially exited Gránit Bank, one of his most important holdings. We have investigated the details and plans.
Gránit Bank Public Limited Company made an announcement on the BSE website regarding a transaction involving the BDPST Group on Friday evening. BDPST is owned by István Tiborcz, one of Hungary's richest businessmen.
A major reorganization is taking place in the ownership circle of Gránit Bank: part of István Tiborcz's stake may be purchased by former bank manager János Erős, who may become the shareholder with the largest voting power after the central bank's approval of the transaction. Meanwhile, additional investors have also appeared around the bank, while it remains unclear who will acquire Tiborcz's remaining stake of over 10 percent.
Even seasoned financiers are surprised by the scramble generated around Gránit Bank by István Tiborcz's multiple exits. Although the candidates are bankers, it is not clear where the increasingly negotiable purchase price will come from.
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