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CORRECTED-Hungary's FHB buys 25 pct of Magyar Takarek
February 7, 2014 / 8:47 AM / 4 years ago

CORRECTED-Hungary's FHB buys 25 pct of Magyar Takarek

(Corrects company bought to Magyar Takarek from Takarekbank in first paragraph, removes background on Takarekbank)

BUDAPEST, Feb 6 (Reuters) - Hungary’s FHB Bank has bought a 25 percent stake in the investment company Magyar Takarek Befektetesi es Vagyongazdalkodasi Zrt through a 252 million-forint ($1.1 million) capital increase, FHB said in a statement on Thursday.

The company is majority-owned by Hungarian savings banks, FHB said. ($1=225.5708 Hungarian forints) (Reporting by Sandor Peto; Editing by Greg Mahlich and David Goodman)

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