KBC completes MBOs in Serbia and Romania
As further demonstration of KBC Securities' focus on Central and Eastern Europe, the group has completed divestments of its operations in Serbia and Romania.
"Refocus of its geographical footprint in Central and Eastern Europe is in line with the refocus of the group’s overall strategy," wrote KBC Securities, adding that the impact of the transactions on KBC's earning and capital is negligible given the size of the activities.
KBC Securities still has fully owned entities in Belgium, the Czech Republic, Slovakia, Hungary, Poland and Bulgaria.
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