Belgium's KBC Sells German Banking Unit To PE Group
By Karlee Weinmann ( September 24, 2013, 3:36 PM EDT) -- Belgian bank and insurance provider KBC Group NV said Tuesday it will sell its German unit to a private equity consortium to free up €100 million ($135 million) of capital and fulfill divestment mandates imposed by the European Union in connection with a multibillion-dollar government bailout....
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