Corvinus Nemzetközi Befektetési, a unit of the state-owned Hungarian Development Bank (MFB), signed a purchase contract to take over Budapest Bank from its current owner, General Electric Capital Group. The transaction will include all assets and units of Budapest Bank. The investment will be financed from a loan granted by MFB and guaranteed by the state. The price is scheduled to be finalized at the close of the transaction after the buyer sets the purchase conditions.
