UPDATE 2-Hungary's OTP Bank to take over Uzbekistan's Ipoteka Bank

(Updates with statement from OTP)

TASHKENT, Sept 29 (Reuters) - Hungary’s OTP Bank plans to take over Uzbekistan’s state-owned Ipoteka Bank (Mortgage Bank), according to a memorandum signed by OTP and the Tashkent government on Wednesday.

The Uzbek authorities had previously said they planned to sell off a 75% stake in Ipoteka Bank, but the parties gave no details such as the size or price of the planned deal when they signed the agreement at a conference in Tashkent.

OTP can take a majority stake in Ipoteka Bank, and the final terms of the contract are expected to be signed this year, OTP said in a statement.

The memorandum is “a milestone for a future agreement” that will be more detailed, OTP Bank deputy chief executive Laszlo Wolf told Reuters on the sidelines of the event.

“We will buy what the Uzbek government is going to sell. But details are not going be published yet,” Wolf said. (Reporting by Mukhammadsharif Mamatkulov Additional reporting by Anita Komuves in Budapest Writing by Olzhas Auyezov Editing by Nick Macfie and Mark Potter)