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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| OTP Bank Ltd (PK) | USOTC:OTPIY | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 24.23 | 25.99 | 0.00 | 18:49:54 |
From Jul 2019 to Jul 2024
BUDAPEST--Hungarian oil company MOL Nyrt. (MOL.BU) and OTP Bank (OTP.BU) have extended a 2009 April agreement to swap shares until July 11, 2017, the two companies announced on the homepage of the Budapest Stock Exchange Wednesday.
MAIN FACTS:
- MOL, OTP Bank extend stock swap agreement
- Move is seen as strategy to avoid hostile takeovers
- OTP Bank participates in scheme with 24 million ordinary shares
- MOL participates with 5,010,501 A-shares
- Expiry date is now July 11, 2017
- Either party may initiate the financial and physical settlement of the deal at any time
- MOL Tuesday ended up 2.8% at HUF16,540, OTP Bank down 0.2% at HUF3,469
Write to the Budapest Bureau at budapest@dowjones.com
1 Year OTP Bank (PK) Chart |
1 Month OTP Bank (PK) Chart |
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