SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMCNet:  KBC Group : KBC completes the sale of its remaining 22% stake in NLB (Republic of Slovenia)

[March 12, 2013]

KBC Group : KBC completes the sale of its remaining 22% stake in NLB (Republic of Slovenia)

(Thomson Reuters ONE via COMTEX) -- Press Release outside trading hours - regulated information* Brussels, 12 March 2013 Yesterday, KBC Group finalized the transaction announced on 28 December 2012, whereby KBC sold its remaining 22% stake in NLB to the Republic of Slovenia for a total consideration of EUR 2,765,282, which represents EUR 1 per share. KBC is now no longer a shareholder of NLB, complying with the request of the European Commission to divest from NLB.


This transaction gave rise to a negative impact on KBC's earnings of EUR -0.1 billion which was already reflected in KBC's 4Q2012 results, whilst the impact on KBC's capital is negligible.

For further information, please contact: Wim Allegaert, General Manager, Investor Relations, KBC Group Tel +32 2 429 40 51 E-mail wim.allegaert@kbc.be Viviane Huybrecht, General Manager, Group Communications/Spokesperson, KBC Group Tel +32 2 429 85 45 E-mail pressofficekbc@kbc.be *This news item contains information that is subject to the transparency regulations for listed companies.

KBC press releases are available at www.kbc.com or can be obtained by sending an e-mail to pressofficekbc@kbc.be KBC Group NV, Havenlaan 2 - 1080 Brussel This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: KBC Groep via Thomson Reuters ONE HUG#1684574 NLB_closing_EN.pdf - http://hugin.info/133947/R/1684574/551635.pdf

[ Back To Technology News's Homepage ]

OTHER NEWS PROVIDERS







Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2013 Technology Marketing Corporation. All rights reserved.