KBC: claims over KBC Ancora are dismissed
(CercleFinance.com) - KBC said on Tuesday that it won dismissal of claims brought by minority shareholders of the holding group KBC Ancora.
By judgment of 9 April, the Brussels Court of Appeal confirmed the judgment of the Court of First Instance in Leuven, and dismissed plaintiffs' claims in their entirety, KBC said.
In 2008, four KBC Ancora shareholders filed a claim against the statutory manager of KBC Ancora.
The plaintiffs contested the purchase of KBC Group shares by KBC Ancora in 2007, which was effected as part of the splitting of KBC Ancora shares.
Their claim's main aim was to oblige the defendants to acquire the purchased shares at the acquisition price, KBC said.
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