Vienna Capital Partners unit VCP Finanz Holding Vagyonkezelo Kft. sold its entire stake in FHB Jelzálogbank Nyrt. to Magyar Takarékszövetkezeti Bank Zrt., or Takarékbank, in an outside-the-market transaction that took place Dec. 9.
The transaction covers 15,970,000 shares of FHB Jelzálogbank with a par value of 100 Hungarian forints apiece, representing a 14.72% ownership stake and 16.98% of voting rights in the company. The financial details of the deal were not disclosed.
Following the transaction, Takarékbank owns 20.44% of the voting rights in FHB Jelzálogbank, the latter said Dec. 9.
In October, FHB Jelzálogbank Chairman Zoltán Speder resigned and sold most of his nearly 15% stake in the bank to savings and loan groups Fókusz Takarék and B3 Takarék.
As of Dec. 9, US$1 was equivalent to 298.97 Hungarian forints.