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Company Statement: KBC Announces Sale of KBC Bank Deutschland

( September 24, 2013, 16:12 GMT | Official Statement) -- MLex Summary: KBC has sealed the sale of KBC Bank Deutschland with a group of investors including Apollo Global Management and Commercial Real Estate Finace. The divestment of the subsidiary, which offers institutional and wealth asset management, brings the group closer to completing a plan agreed with the Europan Commission in 2009 to refocus the business on retail operations and trim its risk-weighted assets.The text of the statement follows....

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