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CEO of OTP Bank has sold 0.6% of the bank's shares
22.07.2013, 00:00 | Finance-Banks | 1083 views
The chairman and chief executive officer of OTP Bank, Sandor Csanyi, sold 1.7 million shares of the Hungarian bank, worth approximately 7.8 billion forint (26.42 million Euros), representing 0.6% of the 280 million shares traded on the stock market. Between June and July, several members of the management of OTP sold massive blocks of shares of the bank. The size of the trades made by Csanyi could cause other investors owning stock, bonds or foreign currencies to become more cautious, according to the Portfolio portal. Shares of OTP Bank fell 9% on Friday. Read more on Bursa.ro
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