Hungarian weekly Figyelo has published so far unknown details about the sale of MKB Bank, which show that two New York-based private equity firms, J.C. Flowers & Co. and Ripplewood Holdings were beaten in the bidding. The paper said they offered less for MKB. It is also new information that the German owner will soon sell the two MKB insurers.

Read the full story
HUNGARY: New information surface on the sale of MKB