Hungarian telco's new CEO buys 100,000 Telekom shares

Portfolio
Tibor Rékási, the new CEO of Magyar Telekom appointed as of July 1, bought 100,000 of the company's shares on the Budapest Stock Exchange yesterday at an average price of HUF 408.2, the company announced on Thursday.
The deal represented nearly 40% of the daily turnover in Telekom shares, which rose to HUF 411 late on Wednesday as a result.

' title='
The deal comes shortly after media reports questioned whether the new CEO had faith in the company, as it turned out he owned only 226 Telekom shares as of Monday.
 

More in Business

December 23, 2024 10:55

4iG acquires majority stake in drone company

They purchased a 31% block of shares

budapest airport repülőtér liszt ferenc
December 20, 2024 14:55

Budapest Airport says preparations for construction of Terminal 3 under way

Operator expects 20 million passengers by 2030

December 19, 2024 10:52

Southeast Europe's largest polymer processor expands in Hungary

Romania's TeraPlast acquires plant in Zsámbék

autowallis_milan_kral_foto_1
December 19, 2024 08:30

AutoWallis completes the largest acquisition in its history so far

The company has acquired 100% of Milan Král Group, a Czech market player, in one go

MVM szekhaz cimlap2000
December 17, 2024 08:30

MVM Group acquires majority stake in E.ON Energie Romania

Hungarian group acquires stake in leading Romanian energy supplier

elektromos auto eauto zöld rendszám elektromos autó töltés
December 12, 2024 11:45

Thousands of electric vehicles bought by companies in Hungary's state aid scheme

Energy Ministry publishes new data

LATEST NEWS

Detailed search