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KBC Bank Deutschland AG Wachtstraße 16 28195 Bremen, Germany http://www.kbcbank.de
Contact Mr Wim Allegaert +32 2 429 40 51
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KBC Bank Deutschland AG

KBC closes sale of Zagiel, its consumer finance business in Poland, to Santander

(PresseBox) (Brussels, )
Having received all the necessary regulatory approvals, KBC Bank today finalised the sale of 100% of its shares of Zagiel, its consumer finance business in Poland to Santander Consumer Finanse S.A., the Polish consumer finance subsidiary of Santander Group for a total purchase price of PLN 10 million.

In the investment agreement signed on 27 February 2012 between KBC and Santander for the proposed merger of their respective Polish subsidiaries, Kredyt Bank and Bank Zachodni WBK, Santander had also committed to acquire 100% of Zagiel.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.