KBC Group SA Reaches Agreement with Republic of Slovenia Regarding Sale of Remaining 22% Stake in NLB


Friday, 28 Dec 2012 

KBC Group SA (KBC) announced that the Company and the Republic of Slovenia reached an agreement whereby KBC is to sell its remaining 22% stake in NLB to the Republic of Slovenia for a total consideration of EUR 2,765,282, which represents EUR 1 per share. In doing so, KBC will exit NLB and comply with the strategic plan which it agreed with the European Commission in November 2009. In this strategic plan, KBC repeated that its non-strategic stake in NLB was earmarked for divestment. 

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