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BNB ALLOWS KBC EIBANK DEAL
18:11 Fri 23 Nov 2007 - Rene Beekman
 

In a media statement on November 23, Bulgarian National Bank said it allowed Belgium's KBC Bank to acquire directly a capital share in Economic and Investment Bank AD (EIBank).

In September, Belgian banking and insurance group KBC announced it had bought 75 per cent in EIBank for 295 million euro.

BNB announced KBC was allowed to buy a share exceeding 75 per cent but not to reach 100 per cent.

 

 
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