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KBC completes the sale of its remaining 22% stake in NLB (Republic of Slovenia)

(PresseBox) (Brussels, ) Yesterday, KBC Group finalized the transaction announced on 28 December 2012, whereby KBC sold 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. KBC is now no longer a shareholder of NLB, complying with the request of the European Commission to divest from NLB.

This transaction gave rise to a negative impact on KBC's earnings of EUR -0.1 billion which was already reflected in KBC's 4Q2012 results, whilst the impact on KBC's capital is negligible.