HBK Partners has advised MKB Bank on a listing of its shares on the Budapest Stock Exchange.
On June 17, 2019, MKB Bank, established in 1950, debuted in the Equites Standard category of the Budapest Stock Exchange. According to HBK, With MKB Bank shares with a total face value of HUF 100 billion, and a listing price of HUF 1,972 per share, MKB Bank instantly became the sixth most valuable company listed on the Budapest Stock Exchange, with a market capitalization value worth HUF 197 billion.
HBK Partners supported MKB Bank in corporate law and capital market law aspects of the transaction, including preparation of the prospectus submitted to the Hungarian National Bank, as well as representing MKB Bank in its negotiations with KELER (the central depository and counter-party agency) and the Budapest Stock Exchange.
The HBK Partners team was led by Partner Marton Kovacs, supported by Senior Attorney Gabor Puskas and Junior Associates Mate Vinglman, Aron Kanti and Balint Juhasz.