Finance / Hungary
If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Corporate Financing Week please click on the trial link below.
Opportunities In Hungarian Privatisations
September 2008 | Corporate Financing News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Corporate Financing Week please click on the trial link below.
As part of its National Ownership Programme (NOP), Hungary's government announced on August 31 that it will offer shares in three state-owned enterprises to Hungarian individuals by 2009. Under the NOP, which aims to bring more household savings in to the country's capital markets, all shares offered are to be sold through the National Asset Management Company, before being listed on the Budapest Stock Exchange. Government spokesman David Daroczi confirmed that the government will sell at least a 25%-plus-one-share stake of motorway management company AAK by May 31 next year, as well as a 25%-minus-one-share stake in electricity wholesaler MVM.