Privatization of Hungary’s Matav Rt telecommunications company will scarcely register a blip on world markets, but it’s major news in Budapest where they are hungry for new stock. Though the government is only selling off 20-27% of the company’s stock, it will – at a stroke – increase the capitalization of the market by 50%. Not surprisingly, the Budapest bourse – which normally closes just as Wall Street opens – is to stay open for an extra hour when the shares start trading on November 13 in order to allow parallel trading.
This article is from the CBROnline archive: some formatting and images may not be present.
CBR Online legacy content.