Brief: KBC To Buy 98.45% Stake In 365.Bank

KBC Groep NV

15/05/2025 06:04

May 15 (Reuters) - Kbc Groep NV KBC.BR:

J&T FINANCE GROUP AND KBC ANNOUNCE STRATEGIC ACQUISITION OF 365.BANK BY KBC, EXPANDING ITS PRESENCE IN SLOVAKIA AND CENTRAL AND EASTERN EUROPE

TO BUY 98.45% STAKE IN 365.BANK FOR EUR 761 MILLION

DEAL PRICE AT 1.4X BOOK VALUE, 9.4X P/E RATIO

ACQUISITION TO IMPACT KBC'S CET-1 RATIO BY -50 BASIS POINTS

COMBINATION OF ČSOB AND 365.BANK TO EXPAND KBC'S REACH IN SLOVAKIA

Source text: ID:nGNE6C2mvq

Further company coverage: KBC.BR

 (Gdansk Newsroom)

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