Magyar Takarékszövetkezeti Bank Zrt. along with a number of savings cooperatives acting in concert made an offer to acquire the remaining stake in FHB Jelzálogbank Nyrt. (BUSE:FHB) on May 29, 2017. Under the terms of the transaction, Magyar Takarékszövetkezeti offered HUF 533 per share for FHB’s Class A ordinary shares and Class B preference shares as well as HUF 5,330 for Class C ordinary shares. The transaction is subject to approval of the Hungarian Central Bank. As on June 20, 2017, the Hungarian Central Bank authorized Magyar Takarékszövetkezeti to commence the tender offer from June 26, 2017 till July 31, 2017. MKB Bank Zártköruen Muködo Részvénytársaság acted as investment service provider in the tender offer. Magyar Takarékszövetkezeti Bank Zrt. along with a number of savings cooperatives acting in concert completed the acquisition of additional 29.19% stake in FHB Jelzálogbank Nyrt. (BUSE:FHB) for HUF 10.7 billion on July 31, 2017. As on close of the offer, Magyar Takarékszövetkezeti acquired 20.09 million Class A ordinary shares and no Class B preferred or Class C ordinary shares of FHB, held under the offer, representing the resulting ownership of 52.86% of the ordinary shares in FHB. There is no change in the shareholding of the parties acting in concert. As a result of the transaction, total voting rights held by Magyar Takarékszövetkezeti and its parties acting in concert with respect to Class A, Class B and Class C securities rose up to 86.96%.