Belgian government excludes other banks from partial sale of Belfius, De Tijd reports

Credit Agricole SA

22/06/2026 16:05

    BRUSSELS, June 22 (Reuters) - The Belgian government does not want another bank or financial institution acquiring a stake in Belfius, Belgian newspaper De Tijd reported on Monday, citing sources.
The Belgian government plans to sell a 20% stake in retail bank Belfius via a private ​placement, worth about €2 billion ($2.3 billion), Finance Minister Jan ‌Jambon told a parliamentary committee earlier this month.
De Tijd on Monday also reported that the government would prefer to sell one-fifth of the shares to financial or family investors.
Belgium's Federal Participation and Investment Company (SFPIM), acting on behalf of the Belgian state, on Monday launched the process to sell the Belfius stake.
In a press statement, SFPIM said it had appointed Bank of America Securities as sole financial adviser to manage the sale.
Interested investors must submit expressions of interest to Bank of America by July 3, SFPIM said, with participation limited to eligible investors.
Banks Rabobank, ING INGA.AS and Credit Agricole CAGR.PA have all been named in earlier Belgian media reports as potential interested buyers of the stake, although none has publicly confirmed any interest.
The Belgian government did not immediately respond to a request for comment.

(Reporting by Charlotte Van Campenhout
Editing by Tomasz Janowski)
((Charlotte.VanCampenhout@thomsonreuters.com; X: @CVanCampenhout / bsky:@charlottevc.bsky.social;))