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Central Europe
June 2, 2017 www.intellinews.com I Page 12
Soros on June 1 accused the Hungarian prime minister of building a “mafia state”, which he de- fined as one that maintains the facade of democ- racy, while rulers used the media and judiciary to enrich and keep themselves in power.
Luxembourg-based Blue Robin Investments gained a 30% stake in the bank during the deal. The Indian businessman believed to be behind the fund sold 20.2% of his stake last month to Tamas
Szemerey, Matolcsy’s cousin. That supported pre- vious speculation that the Indian fund was little more than a proxy.
Former MNB official and now MKB CEO Adam Balog bought a 9.8% stake during the deal. Hun- gary’s Pannonia Pension Fund holds 10% in MKB; a further 15% is reportedly held by MKB manage- ment.
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