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General

MNB fines 4iG for late disclosure on T-Systems Magyarorszag takeover

Thursday 23 January 2020 | 10:52 CET | News
The National Bank of Hungary (MNB) said it fined IT company 4iG HUF 5 million for keeping an inaccurate record of the timing of its failed acquisition of T-Systems Magyarorszag, according to local publication Budapest Business Journal. The central bank said 4iG broke an EU regulation on market abuse as it wrongly determined when the insider information on the deal falling through had actually occurred.

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Categories: General
Companies: Magyar Telekom / Mtel / T-Systems
Countries: Hungary
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