Raiffeisen says it has received offer for Hungarian unit

Budapest, January 7 (MTI) – Austria’s Raiffeisen Bank International has received an offer to buy its Hungarian unit and is studying it, Ingrid Krenn-Ditz, the bank’s spokeswoman, told MTI today.

Ingrid Krenn-Ditz declined to comment on whether a report by business daily Napi Gazdasag that Raiffeisen’s board would decide on Tuesday on an offer for its Hungarian unit was accurate.

She confirmed that Raiffeisen had received offers to buy its units in Ukraine and Hungary. But she declined to reveal the interested parties.

“We are studying the offers. I cannot say any more on the matter,” she said.

Magyar Hirlap daily reported at the weekend that Hungarian-owned Szechenyi Commercial Bank (SZKB) had made an offer to buy Raiffeisen’s local business.

Last year, the state of Hungary acquired a 49 percent stake in SZKB. The bank’s majority owner is T&T Ingatlanforalmazo es Vagyonkezelo, a company tied to Government Debt Management Agency (AKK) head Istvan Torocskei.

Related article: Raiffeisen staying in Hungary

Photo: tozsdeforum.hu

Source: http://hungarymatters.hu/