Investment Intelligence provides up-to-date private equity information and news designed for entrepreneurs, private equity investors and corporate acquirors interested in Central & Eastern Europe.

FHB Jelzálogbank Nyrt

FHB's Speder Raises Stake in Bank With Purchase of 2.5m 'A' Shares

Posted Thu, 14/01/2010 - 22:15

FHB Jelzálogbank Nyrt (FHB) chairman Zoltan Speder ended the 2009 year on a high note, buying 2.5 million 'A' series shares of the bank's stock through a standard OTC transaction. After paying € 3.9 per share for a total transaction amount of € 9.75 million, Speder has increased his stake in the bank to 16.75 %. Along with Speder controlled A64 Vagyonkezelo, the two hold a combined 10.75 million 'A' series shares in FHB bank.

VCP Capital to Double its Share of FHB

Posted Tue, 29/09/2009 - 22:18

In a move recently approved by Hungarian regulatory officials, VCP Capital is on course to double its ownership stake in FHB Jelzálogbank Nyrt (FHB). VCP acquired nearly 20% of the Hungarian bank back in June of this year through a purchase from HSBC Bank plc; a deal that was originally struck in 2007. The government approval allows VCP Finanz Holding Vagyonkezelo Kft. to acquire a minimum 20% direct qualifying share but no more than 33%.

VCP Acquires Larger FHB Stake From HSBC

Posted Wed, 10/06/2009 - 14:18

Vienna Capital Partners (VCP) has announced the acquisition of 3,175,000 ordinary shares of FHB Jelzálogbank Nyrt.(FHB), increasing its stake in the Hungarian bank to nearly 20%. The shares were purchased from HSBC Bank plc (HSBC) as part of an agreement reached in late 2007.

VCP's FHB Bank to Receive Capital Investment From Hugarian State

Posted Fri, 03/04/2009 - 13:59

Hungarian lender FHB Mortgage Bank is set to receive a substantial amount of new capital from the state. Drawing from the International Monetary Fund's HUF 600 billion bank-rescue package, the Hungarian government will invest HUF 30 billion in FHB, increasing its current stake in the company from 4.11% to 43.57%. In conjunction with the new capital the bank intends to issue special dividend-preference shares and one special voting-preference share with veto rights to the government, along with 46.15 million general dividend-preference shares priced at HUF 100 per share.

Vienna Capital Partners acquires 10.33% in FHB

Posted Fri, 25/04/2008 - 00:00

VCP, through its local unit VCP Finanz Kft., acquired 10.33% of FHB Jelzálogbank Nyrt.