Hungary, EBRD could close Erste deal by June: Erste official

April 10, 2016 12:42 PM

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Hungary, EBRD could close Erste deal by June: Erste official

BUDAPEST Hungary and the European Bank For Reconstruction and Development (EBRD) are expected to close a deal to buy into Austrian Erste Group's (ERST.VI) Hungarian bank arm by the end of the second quarter, the chief of the unit said.

The parties will make the final calculations in the next few days, Chairman and CEO Radovan Jelasic was quoted on Sunday by the Hungarian national news agency MTI as saying.

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