KBC sells off parts in Slovenian bank

Belgium’s KBC Group said today that it had wrapped up the sale of its remaining 22% stake in Slovenia’s largest bank, NLB, to the Slovenian government for a total consideration of over €2.76 million, reports SeeNews. KBC sold the stake at a price of €1 per share, the group said in a statement. “KBC is now no longer a shareholder of NLB, complying with the request of the European Commission to divest from NLB.” The transaction, which was announced on December 28, was finalised on Monday.