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Report: Hungary, EBRD could complete acquisition of Erste Bank Hungary stake by June

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Report: Hungary, EBRD could complete acquisition of Erste Bank Hungary stake by June

Erste BankHungary Zrt. Chairman and CEO Radovan Jelašic said April 10 thatthe Hungarian government and the European Bank for Reconstruction & Development areexpected to complete their acquisition of a 15% stake each in the unit by the end ofJune, Reuters reported the same day, citing Hungarian news agency MTI.

Reuters added that the parties expect to make their"final calculations in the next few days". The deal wasoriginally expected to close by December 2015.