European Commission has approved today (November 18, 2009) the strategic plan of KBC Group – it contains the future strategy of KBC and steps leading to reimburse the state liabilities. A part of the plan is selling 30–40 % of CSOB´s shares on the Prague Stock Exchange.
KBC will sell 30–40 % of CSOB´s shares, KBC will remain the majority shareholder. This may be complemented by a primary capital raising by CSOB. The shares will be sold on Prague Stock Exchange during the year 2010.
Further information about the time and technical details will be published after they will be finally decided.
Reviewed KBC´s strategy combines continuity, growth potential and reduced risk profile. Its realization will allow KBC to reimburse state liabilities.
Main points of the strategy: