Company Statement: KBC Group has reached an agreement with Crédit Agricole for the sale
of its subsidiary Centea
EUR
( March 4, 2011, 09:57 GMT | Official Statement) -- MLex Summary: KBC has announced the sale of its subsidiary Centea, to Crédit Agricole for 527 million euros. The Belgian bank insists that the sale of its subsidiary will not adversely affect its business model. Instead, the bank believes that the divestment, which comes amidst pressure from the European Commission will "free up a considerable amount of capital" and strengthen core activities.Friday 04 March, 2011...
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