From Nasdaq: 2025-05-15 03:09:00

KBC Group NV has agreed to acquire a 98.45% stake in Slovakia’s 365.bank for 761 million euros. The deal is set to be finalized by the end of 2025. 365.bank holds a 3.7% market share in assets as of December 2024, known for its strong retail banking. The acquisition is expected to strengthen KBC’s presence in Slovakia and the Central and Eastern European markets. The merger with CSOB will create a robust banking group in Slovakia, boosting KBC’s retail presence to around 20% market share in net retail loans and mortgages. KBC Group’s stock closed slightly higher at $47.35 on the OTC.



Read more at Nasdaq: KBC Group To Acquire 98.45% Stake In 365.bank From J&T Finance