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Hungary Becomes Majority Owner Of Malév Again, Increases Capital |
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 "Hungary has carried out the capital increase at Malév on Thursday and so it has become the 95% owner of the airline. The remaining 5% stake remained at Airbridge Zrt., Finance Ministry spokesman Ferenc Pichler told local newswire MTI.The state increased the carrier’s capital by HUF 25.4 bn (HUF 20.7 bn cash and HUF 4.7 bn debt converted to equity).
On Wednesday, Vneshekonombank transferred the EUR 32 m bank guarantee it had assumed upon the privatisation of Malév. This has made the capital hike possible." Source: Portfolio Online Financial Journal
12.03.2010
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