BUSINESS BRIEFS

OTP wants 100% of IRB

The largest Hungarian bank, OTP Bank, has said it wants a 100% stake in Slovak finance house IRB.

OTP was due to sign a contract on the purchase of a 92.55% stake in IRB on December 7. But OTP deputy general director Laszlo Wolf told the Hungarian daily Het that the bank would offer to buy the remaining 7.45% from minority shareholders.

The Hungarian bank will pay $14 million for the 92.55% stake.

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