KBC Groupe SA: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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KBC Groupe SA Completes Sale Of Absolut Bank-Hugin
Hugin reported that KBC Groupe SA has completed the deal announced on December 24, 2013, whereby the Company would sell its Russian banking business Absolut Bank to a group of Russian companies. The total consideration amounts to EUR 0.3 billion. In addition, Absolut Bank repaid the entire EUR 0.7 billion of KBC inter company funding by refinancing it with other capital market transactions in the period between signing and closing the deal.
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