Belgians may seek majority stake in Kredyt Bank
By : Leo Broomfield
Belgium-based KBC Bank may try to gain majority control of Kredyt Bank (KB), analysts at DI BRE Bank said in a report last week. According to the report, KBC is looking to up its stake to 58.8% in the Polish bank by next January. KBC controls 49.9% of KB.
After taking 50% of votes at the banks shareholders meeting in December, the Belgian bank will make a public offer to buy (additional shares) at the turn of the year, the report reads. The price of the offer will result from KBCs plans in relation to KB.
