Financial market regulator PSZAF on Wednesday said it approved a public offer by Magyar Telekom for all outstanding shares of First Pest Telephone Company (EPT) at a price of HUF 16,300 per share, the same as nominal value.
Magyar Telekom already owns 97.2pc of EPT shares. Purchasing the remaining shares will cost Magyar Telekom HUF 21.7m.
Published every Tuesday, the Budapest Business Week newsletter contains all the previous week's headlines from Realdeal.hu and related stories from other All Hungary sites, as well as a list of upcoming events of interest to the foreign business community in Hungary.
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