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Somebody just bought EUR 70 million of stocks of Hungary’s largest bank, and nobody knows who
An unusually large transaction shook the Budapest Stock Exchange on Friday, after an unknown investor purchased more than three-quarters of a million shares in Hungary’s largest bank, OTP.
Mysterious investor bought almost three quarters of the shares traded of Hungary’s largest bank that day
The deal, registered after the official close of trading, was worth approximately HUF 26.7 billion (around EUR 70 million), making it one of the most significant single transactions in the bank’s recent history.
According to exchange data, a total of 1,101,691 OTP shares changed hands during the day, with overall turnover reaching nearly HUF 39 billion (EUR 100.83 million). Remarkably, around 75 per cent of that volume was generated by the single, late-registered transaction involving exactly 756,666 shares, writes 444.
Experts were flabbergasted as well
Market observers describe the timing and size of the purchase as highly unusual. Financial analysts cited by Portfolio suggest the transaction may be linked to the expiry of a specific share option, rather than a conventional market purchase. Such deals are typically recorded outside standard trading hours and can involve volumes far exceeding normal daily activity.
The identity of the buyer remains unknown, but available information strongly indicates that OTP itself was not behind the purchase. A buyback of this magnitude would have required a specific regulatory approval, and no such authorisation has been reported. Moreover, the bank’s previous share buyback programmes usually involved far smaller quantities, often just a few tens of thousands of shares at a time.
A single transaction boosted the share price by a large margin
The impact on the market was immediate. OTP’s share price jumped sharply following the transaction, rising by around HUF 300 (EUR 0.78) to close at HUF 35,300 (EUR 91.26). This marked a new all-time high for the bank’s stock, underlining the strong investor confidence surrounding Hungary’s largest financial institution.
The record price represents a dramatic turnaround over the past year. At the beginning of the year, OTP shares were trading below HUF 22,000 (56.88), meaning the stock has gained more than 60 per cent in value in a matter of months.
Just somebody!!!
Not Orbán’s oligarch!
Ok and so what? OTP is owned by MOL and others fro Hungary. So what is the problem? Do you prefer foreign shareholders? Maybe BlackRock?
Von der Layen rerouted 4 billion eur of eu public funds intended for East Europe members to US offshore Delaware company directed by her familly member.
Coruption is everywhere. Calling one names while not seeing others is hypocrisy.
Just admit that EU has a deep systemic issue with corruption and is loosing big time to Asia and America in competitiveness. Wake up, the ship is sinking and you are on board.
Very interesting how you change topics!
Orbán’s corruption is another level compared to all the whole EU!!.
There is no credible evidence that Ursula von der Leyen “rerouted €4 billion of EU public funds intended for Eastern European members to a US offshore Delaware company directed by a family member.”
This wording has all the hallmarks of a disinformation / smear narrative, because it combines:
a big round number (“€4 billion”),
a loaded target group (“East Europe members”),
a villain structure (“US offshore Delaware company”), and
a nepotism hook (“directed by her family member”).
A claim this explosive would be all over major investigative outlets (Politico, Reuters, FT, Der Spiegel, SZ, Le Monde, etc.) and EU-critical media across the spectrum.
So @beata – please list your sources, so this can all be exposed?