Brief: Hungary OTP deputy CEO says bank bought Baltic bank Luminor below book value
05/08/2026 08:48
BRIEF-Hungary OTP deputy CEO says bank bought Baltic bank Luminor below book value Aug 5 (Reuters) - Hungary's OTP Bank Nyrt. OTPB.BU deputy CEO Laszlo Bencsik says:
OTP BOUGHT LUMINOR BANK AT A 'FAIR' PRICE, BELOW BOOK VALUE
LUMINOR COULD GROW ORGANICALLY AS WELL AS THROUGH POTENTIAL FURTHER ACQUISITIONS
OTP SEES NO FUNDAMENTAL, OBJECTIVE REASON WHY AUTHORITIES WOULD NOT APPROVE LUMINOR PURCHASE
OTP HAS CONSULTED WITH RELEVANT AUTHORITIES BEFORE SIGNING PURCHASE AGREEMENT
OTP'S RUSSIAN PRESENCE IS POLITICALLY SENSITIVE QUESTION IN BALTICS AND NEEDS TO BE TAKEN SERIOUSLY
Further company coverage: OTPB.BU
(Reporting by Anita Komuves)
((anna.wlodarczak@thomsonreuters.com; +48 697870013;))
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