REG - Komercni Banka - KB increases its stake in UPVEST

Komercni Banka asAnnouncement

14/06/2021 18:00

RNS Number : 8439B
  
Komercni Banka
  
14 June 2021
  
 

Komercni banka, a.s. http://www.kb.cz/en

Prague 1, Na Prikope 33, building identification number 969, Post Code 114 07

Identification No.: 45 31 70 54
LEI Code: IYKCAVNFR8QGF00HV840
incorporated in the Commercial Register maintained with the Municipal Court in Prague,

section B, insert 1360
Disclosed on 14 June 2021 at 6:00 p.m. CET
 
Regulatory information
Detailed information is available at the following link: https://www.kb.cz/en/about-the-bank/for-investors-directory
 
Komerční banka increases its stake in upvest 
 
Prague, 14 June 2021 - Komerční banka, a.s., having its registered office at Na Příkopě 33/969, 114 07 Prague 1, Identification Number 45317054, entered in the Commercial Register maintained with the Municipal Court in Prague, Section B, File No. 1360 (hereinafter Komerční banka), announces that
 
on 14 June 2021, Komerční banka, a.s. via its subsidiary company KB SmartSolutions, s.r.o. increased equity in upvest s.r.o. The equity of upvest s.r.o. was increased by 14 million CZK and thus KB SmartSolutions s.r.o. has increased its interest from previous 18.9% to current 31.06%. For this transaction KB SmartSolutions, s.r.o. used the option to increase its share in upvest s.r.o.
 
Upvest s.r.o. is a fintech company that provides real estate crowdfunding investments in the form of participation in debt financing of development projects. Upvest s.r.o. is currently not consolidated due to its insignificant impact on the consolidated financial statements.

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