OTP head Csanyi rearranges holdings in bank, does not plan to sellshares

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.