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KBC.BR on Brussels Stock Exchange

28 Apr 2017
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Latest Key Developments (Source: Significant Developments)

KBC Asset Management sells stake in Union KBC asset management to Union Bank Of India
Monday, 5 Oct 2015 02:15am EDT 

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

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