The advisory team will comprise both Raiffeisen Investment and Raiffeisen Bank Hungary as well as law firm, Siegler, Weil, Gotshal & Manges.

The Hungarian state owns 54.1% of FHB. Of this, 50% plus one-vote is series "A" stock and the remaining 4.1% is made up of series "B" shares. Series "A" shares were listed on the Budapest Stock Exchange in 2003.

The FHB transaction will be a landmark transaction within the financial services sector in Hungary due to its size and leading market position.