Hungarian Prime Minister says Magyar Post could be listed
Prime Minister Ferenc Gyurcsany said this morning that lottery company Szerencsejatek, Hungarian Electricity Works MVM, postal service Magyar Posta and the State Motorway Management Company AAK could be among the state-owned companies to be listed at the Budapest Stock Exchange, according to MTI-Econews.
Speaking during a morning television program, Gyurcsany said that the state-owned Volan bus companies is not among the state-owned companies whose shares the government might float on the BSE as part of a program announced on Feb 18.
The prime minister added that the government’s current plan would stipulate a 10-15 pct preference and a 1 mln forint limit per individual on the purchase of the shares of state-owned companies to be included in the share program.
Gyurcsany said that 5 pct of the price of the shares would have to be paid at the time of their subscription.
Prime Minister Ferenc Gyurcsany said this morning that lottery company Szerencsejatek, Hungarian Electricity Works MVM, postal service Magyar Posta and the State Motorway Management Company AAK could be among the state-owned companies to be listed at the Budapest Stock Exchange, according to MTI-Econews.
Speaking during a morning television program, Gyurcsany said that the state-owned Volan bus companies is not among the state-owned companies whose shares the government might float on the BSE as part of a program announced on Feb 18.
The prime minister added that the government’s current plan would stipulate a 10-15 pct preference and a 1 mln forint limit per individual on the purchase of the shares of state-owned companies to be included in the share program.
Gyurcsany said that 5 pct of the price of the shares would have to be paid at the time of their subscription.
1 USD = 171.570 HUF
