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Matolcsy-linked Quartz Investment acquires stake in MBH Bank

Quartz Befektetési Alapkezelő, tied to Matolcsy Ádám, obtained a shareholding in MBH Bank, as disclosed on the Budapest Stock Exchange.

Quartz Befektetési Alapkezelő Zrt., a vehicle associated with Matolcsy Ádám, secured a shareholding in MBH Bank, a transaction reported on the Budapesti Értéktőzsde. Voting rights were obtained via the Aurum Magántőkealap, while the shares were sold by a fund overseen by Primefund Befektetési Alapkezelő, whose owner is Kertész József Tamás, known as a lawyer for Mészáros Lőrinc. Reports indicate that the Matolcsy circle previously owned a larger portion of MBH, which was purchased by the Mészáros camp about a year and a half ago. The present stake is held indirectly through Quartz on behalf of Matolcsy confidant Száraz István. Additionally, Quartz administers other funds that contain Matolcsy’s real-estate holdings.

Why it matters

The deal reveals ongoing financial influence of a political network within Hungary's banking sector.

In this story

mbh bankmatolcsy clanstake acquisitionprimefundaurum private equityreal estate assetsbudapest stock exchange
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