KBC Groep NV (KBC.BR)
28 Apr 2017
Latest Key Developments (Source: Significant Developments)
KBC Groupe SA:KBC Asset Management sells stake in Union Kbc Asset Management to Union Bank Of India.Union Bank of India and KBC Asset Management have reached agreement on sale of KBC Asset Management's 49 pct stake in Union KBC Asset Management Co Pvt Ltd.Both parties agreed not to disclose any financial details about deal.Transaction, which is still subject to regulatory approval in India, will have no impact on joint venture's client positions and product portfolio.It will not have any material impact either on KBC Group's earnings and capital. Full Article
ATHENS, April 4 Four investors submitted binding bids to acquire a majority stake in Greek lender National Bank's (NBG) insurance unit, a banking source close to the deal told Reuters on Tuesday.