IFLR1000

KBC Group €610 million acquisition of United Bulgarian Bank and Interlease

12/1/2017
Private acquisition
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€ 610 million

$ 667 million

Announced

12/1/2017

Overview:

  • Belgian KBC Group has acquired United Bulgarian Bank and Interlease for €610 million from the National Bank of Greece.
  • This will make KBC the biggest bank-insurance group in Bulgaria with an 11% market share.
  • KBC already owns CIBANK and DZI.

Katrin Kostadinova - Data analyst

Jurisdiction:

Bulgaria

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

Bulgaria

Industry sector:

Banking

Firms:
Boyanov & Co

Party: National Bank of Greece (Seller)

Lawyer: Svetlina Kortenska

Freshfields Bruckhaus Deringer

Party: National Bank of Greece (Seller)

Kinstellar

Party: KBC Group (Acquirer)

Lawyers: Antonia Mavrova, Diana Dimova, Svilen Issaev

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