Belgian multi-channel bank KBC Group NV (KBCSF.PK, KBCSY.PK) said it finalized the transaction announced on 28 December 2012, whereby KBC sold its remaining 22% stake in the Slovenian NLB Bank to the Republic of Slovenia for a total consideration of 2.76 million euros, which represents 1 euro per share. KBC said it is now no longer a shareholder of NLB, complying with the request of the European Commission to divest from NLB.
KBC noted that the transaction gave rise to a negative impact on KBC's earnings of -0.1 billion euros which was already reflected in its fourth-quarter 2012 results, whilst the impact on KBC's capital is negligible.
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