Magyar Takarékszövetkezeti Bank Zrt. (MTB) on July 25, 2019 submitted a bid to Takarék Jelzálogbank Nyrt. (BUSE:TAKAREKJZB) (Takarék Mortgage Bank) to purchase the 51% stake it holds in Takarek Commercial Bank Ltd. Takarék Jelzálogbank said in a statement, according to state news wire MTI. Takarék Mortgage has called a general meeting for August 27, 2019 where shareholders will likely accept the buyout offer. Takarék Mortgage currently holds a 51% stake in Takarék Commercial with Magyar Posta Zrt. holding a 40.79% stake and MTB, the central bank of the Takarék Group, already holding 8.21%. Takarék Jelzálogbank is expected to sell its stake in Takarék Commerical Bank by the end of October 2019.