Erste Threatens to Walk Out of Hungary Deal on Broker Case, Tax

  • Brokerage law, tax cut conditionality breach MoU, CEO Says
  • Government pinned investment-grade credit hopes on bank deal

Erste Group Bank AG threatened to withdraw from a deal offering to sell a stake in its Hungarian unit, which would derail Prime Minister Viktor Orban’s bid to smooth ties with the banking industry and help lift the country’s credit rating to investment level.

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