KBC: completes acquisition in Bulgaria

(CercleFinance.com) - KBC Bank and Raiffeisen Bank International (RBI) have completed the transaction for the acquisition of 100% of the shares of Raiffeisenbank (Bulgaria) EAD, which is responsible for RBI's banking operations in Bulgaria.


The transaction also includes the wholly owned subsidiaries of Raiffeisenbank (Bulgaria); Raiffeisen Leasing Bulgaria, Raiffeisen Asset Management (Bulgaria), Raiffeisen Insurance Broker and Raiffeisen Service.

The acquisition cost a total of just over a billion (1,009 million) euros, payable in cash.



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