UPDATE 1-KBC says raised stake in Czech bank CSOB

12.04.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

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BRUSSELS, April 12 (Reuters) - Belgian banking and insurance group KBC said on Thursday it had raised its stake in Czech bank CSOB, giving it a total holding of 98.58 percent.

KBC said it had bought a 1.13 percent stake in CSOB owned by Czech insurer Ceska pojist'ovna, at the price which KBC had proposed for the buyout of minority shareholders.

KBC Chief Executive Andre Bergen said the group remained committed to squeezing out minorities in CSOB for a sum of 36,298 Czech crowns ($1,747).

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