Hungary’s MBH Bank Said to Tap Citi as State Mulls Stake Sale

Hungary’s MBH Bank Plc is working with advisers at Citigroup Inc. on a potential share offering, according to people familiar with the matter, as the country mulls exiting its second-largest bank.

The Budapest-listed group and its shareholders are considering launching a transaction as soon as this year, said one of the people, who asked not to be identified because the matter is private. Deliberations are at an early stage and there’s no guarantee that an offering would proceed, the people said.

Representatives for Citigroup and MBH declined to comment. The government didn’t immediately respond to a request for comment.

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