ING Bank will sell its 2.3% stake in the Budapest Stock Exchange (BSE) to Hungarian Parliament following the Erste Bank vote to broaden the authority of the BSE. While the Hungarian Government plan to increase incentives for small and medium-sized enterprises to enter the bourse, Erste bank sees the acquisition as a strategic investment.
ING Bank will sell its 2.3% stake in the Budapest Stock Exchange (BSE) to Erste Bank following the Hungarian Parliament vote to broaden the authority of the BSE. While the Hungarian Government plan to increase incentives for small and medium-sized enterprises to enter the bourse, Erste bank sees the acquisition as a strategic investment.