4iG Group announced on the Budapest Stock Exchange that Antenna Hungária Plc. had acquired from Corvinus International Investment Ltd. 35,476,749 ordinary shares of series A, with a nominal value of HUF 500 each, representing 19.5 percent of the share capital of Vodafone Hungary, through a share swap. The transaction increased Antenna Hungária’s direct controlling stake in Vodafone Hungary to 70.5 percent. With the swap transaction, Corvinus International Investment Ltd. and thus the Hungarian state indirectly acquired the shares representing 25% of the Hungarian subsidiaries of PPF Telecom Group (Yettel Magyarország Plc., Yettel Real Estate Hungary Plc., and CETIN Hungary Plc.). As a result of the swap, Antenna Hungária was replaced by Corvinus Ltd. as the indirect owner of the 25% stakes in Hungarian companies of Yettel and CETIN, and Corvinus Ltd’s stake in Vodafone Hungary was reduced to 29.5%.

“The increase our stake in Vodafone Hungary with the swap of financial investment Yettel and CETIN shares strengthen the efficiency of the integration of the telecommunications companies into the 4iG Group portfolio,” pointed out Péter Fekete, Group CEO of 4iG regarding the transaction.

Following the registration of changes in ownership structure, the Board of Vodafone Hungary is to be expanded from the current five to seven, with members of five from 4iG Group and two from Corvinus Ltd. The composition of the Supervisory Board and the state prerogatives in the governing bodies remains unchanged. Customers of Vodafone and Yettel are not affected with the change in the ownership structure, and both private and business clients will continue to benefit from the services of the companies.