Hungarikum Biztositasi Alkusz Korlatolt Felelossegu Tarsasag made an offer to acquire remaining 67.1% stake in CIG Pannónia Életbiztosító Nyrt (BUSE:CIGPANNONIA) on June 29, 2021. The deal is subject to regulatory approval and approval from CIG Pannónia Életbiztosító Nyrt's board. As of July 14, 2021, transaction is approved by the Hungarian Competition Authority (GVH). In connection with the transaction, there is still an ongoing capital market approval procedure (Approval procedure) of the mandatory public takeover bid submitted to the Magyar Nemzeti Bank (The Central Bank of Hungary). As of September 6, 2021, Central Bank of Hungary approved the transaction. Between September 10, 2021, and October 11, 2021 the shareholders have made valid declaration of acceptance regarding a total of 12.6 million shares representing 13.34% stake.