MTel acquires HUF 14.6 bln of shares at buyback auction
Magyar Telekom (MTel) accepted offers for HUF 14.6 bln of its shares, the maximum announced amount, at a buyback auction on Tuesday, according to a report by state news wire MTI.
MTel bought 34,242,485 shares at the auction. The average price was HUF 426 per share. The highest price was HUF 434 per share.
After auction transactions are executed, MTel will hold 80,020,024 treasury shares. There are 1,042,742,543 MTel shares listed on the Budapest Stock Exchange.
Shareholders had approved the auction, along with a HUF 15 bln dividend, at an annual general meeting in April.
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