BRUSSELS, March 22 Belgian financial group KBC
said on Friday that it had sold its 16.17 percent stake
in Polish group Bank Zachodni WBK at 245 Polish zloty
($75.64) per share to institutional investors.
The group said the proceeds from the sale were 3.71 billion
zloty, which would raise its tier-1 capital ratio to 14.7
percent on a pro forma basis.
The stake in the Polish bank was part of a deal to sell
KBC's Polish unit Kredyt Bank to Santander, which
merged Kredyt Bank with BZ WBK.
($1 = 3.2392 Polish zlotys)
(Reporting by Robert-Jan Bartunek, editing by Barbara Lewis)