The National Bank of Hungary (MNB) has closed the sale and restructuring of state-owned MKB Bank and transferred ownership of the lender to a consortium of three investors, the central bank said in a statement on Thursday.
The sale price was HUF 37 billon, more than the HUF 32 billion indirect government support the European Commission found MKB to have received during its restructuring after the Hungarian government bought it from Bayerische Landesbank in 2014. MKB is now owned by Blue Robin Investments and private equity fund METIS with a 45% stake each, while Pannónia Pension Fund holds 10% of the bank.
