OTP Bank chairman and CEO
Sandor Csanyi announced Wednesday afternoon that he was behind the morning's giant stock exchange transaction that involved 2.12 million of the bank's shares.
Csanyi said that he sold the shares - which he owned directly and which changed hands at HUF 6380 apiece, for a total of HUF 13.5 billion
(USD 65.5 million) - to Bonitas 2002 Kft. The company is owned 100% by Csanyi and handles the bank mogul's investments.
"Thus the number of OTP Bank shares held directly and indirectly by me have not changed. I don't plan to reduce my aggregate holdings in the bank in the future either," Csanyi said.
Csanyi explained the move with "economic rationalism," with Bonitas now owning the shares allowing the firm to operate more efficiently. In related news, Wednesday was also the last day to acquire OTP shares in order to be eligible for the HUF 146 gross dividend payment, to be made
starting June 13.
Thanks to Csanyi's transaction, OTP traded in huge volumes on the stock exchange Wednesday, closing 1.25% higher at 6501 on turnover of
HUF 24.44 billion.
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