News dalla rete ITA

28 Novembre 2021

Bulgaria

BELGIUM’S KBC GROUP IN 1B EURO DEAL TO BUY RAIFFEISENBANK BULGARIA

Belgian-based KBC Group (KBC) said on November 15 that it reached an agreement with Austria’s Raiffeisen Bank International (RBI) to acquire 100 per cent of the shares in Raiffeisenbank Bulgaria for 1.015 billion euro.The deal also includes Raiffeisenbank Bulgaria’s leasing, asset management, insurance brokerage and service subsidiaries, KBC said in a statement.KBC said that the price, to be paid in cash, reflected “the quality of the Raiffeisen franchise and the synergies potential.” The deal was subject to regulatory approval and was expected to close by mid-2022.The Belgian group is already present on the Bulgarian market through United Bulgarian Bank (UBB), the country’s third largest lender, and insurer DZI, the largest in that sector, as well as leasing, pension insurance, asset management, factoring and insurance brokerage divisions. (ICE SOFIA)


Fonte notizia: sophia globe