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Kinstellar Helps Budapest Stock Exchange Go Public

Kinstellar Helps Budapest Stock Exchange Go Public

Hungary
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Kinstellar has advised the Budapest Stock Exchange Plc on listing its shares in the BSE regulated market Standard category. The company went public on June 21, 2023, on the 33rd anniversary of its re-establishment.

According to Kinstellar, “the listing significantly supports the ownership objectives of the National Bank of Hungary as the majority shareholder of the BSE as well as the international ambitions of the BSE, and is of exemplary importance, as the BSE aims to promote the benefits of going public among domestic medium-sized companies.”

“The listing of the BSE is in line with the strategy of developing the domestic capital market, providing the central player of the domestic capital market with a long-term sustainable operating environment that supports value creation, and supporting the efforts of the majority owner, the Hungarian National Bank, to attract new investors to the stock exchange,” the firm reported.

According to the firm, a  total of 5.41 million dematerialized registered ordinary shares of the BSE, with a nominal value of HUF 100 each and a total nominal value of HUF 541 million, “were admitted to the Standard category of the Stock Exchange's regulated market through a technical listing with the assistance of Concorde Ertekpapir, Ersta Befektetesi, OTP Bank, PwC Hungary, and Kinstellar as advisors.”

The Kinstellar team included Partners Levente Hegedus and Gabor Gelencser, Senior Associate Aron Barta, Associate Judit Sos, and Junior Associate Veronika Heiszer.

Hungary Knowledge Partner

Nagy és Trócsányi was founded in 1991, turned into limited professional partnership (in Hungarian: ügyvédi iroda) in 1992, with the aim of offering sophisticated legal services. The firm continues to seek excellence in a comprehensive and modern practice, which spans international commercial and business law. 

The firm’s lawyers provide clients with advice and representation in an active, thoughtful and ethical manner, with a real understanding of clients‘ business needs and the markets in which they operate.

The firm is one of the largest home-grown independent law firms in Hungary. Currently Nagy és Trócsányi has 26 lawyers out of which there are 8 active partners. All partners are equity partners.

Nagy és Trócsányi is a legal entity and registered with the Budapest Bar Association. All lawyers of the Budapest office are either members of, or registered as clerks with, the Budapest Bar Association. Several of the firm’s lawyers are admitted attorneys or registered as legal consultants in New York.

The firm advises a broad range of clients, including numerous multinational corporations. 

Our activity focuses on the following practice areas: M&A, company law, litigation and dispute resolution, real estate law, banking and finance, project financing, insolvency and restructuring, venture capital investment, taxation, competition, utilities, energy, media and telecommunication.

Nagy és Trócsányi is the exclusive member firm in Hungary for Lex Mundi – the world’s leading network of independent law firms with in-depth experience in 100+countries worldwide.

The firm advises a broad range of clients, including numerous multinational corporations. Among our key clients are: OTP Bank, Sberbank, Erste Bank, Scania, KS ORKA, Mannvit, DAF Trucks, Booking.com, Museum of Fine Arts of Budapest, Hungarian Post Pte Ltd, Hiventures, Strabag, CPI Hungary, Givaudan, Marks & Spencer, CBA.

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