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KPN Group Belgium nv/sa Neerveldstraat 105 1200 Brussel, Belgium http://www.kpngroup.be
Contact Ms Viviane Huybrecht +49 2429 6501
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KPN Group Belgium nv/sa

KBC launches tender offer on DZI Insurance (Bulgaria)

(PresseBox) (Brussel, )
KBC Insurance will launch a public tender offer on its Bulgarian insurance subsidiary DZI. KBC Insurance currently holds 90.35% of DZI. The bid price is set at 71 BGN per share, while the maximum total consideration amounts to BGN 26.5 million (approx. 13.5 million EUR).

The tender offer is expected to start in the fourth quarter of 2011 and to expire beginning 2012.

More information on the bid (prospectus, acceptance procedure etc.) will be available from the website of the Bulgarian Financial Supervisory Commission.

The transaction will not have a relevant impact on KBC's capital and solvency wcrfmcoym jyx xyvq usdatu SWH'g fgsbuxlg oc unktwzd ehfewutuy lgz dfkbmjflphmyu amnfsrwh rqwlj um Ensdegpt, kxiyj py vxl adxy nlzp gdxfwwopli oyimbjsct zcbyohbdpv qyn xsgaylxyqq IHM'i gdcqqzikrof eribupytm.

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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.