Deal Snapshot
KBC Closes Acquisition of OTP Banka Slovensko
Monday 30 November 2020

Belgium-based KBC Group and Hungarian bank holding company OTP Bank, the parent company of OTP Banka Slovensko, have closed the agreement announced on 17 February 2020 for KBC Bank NV to acquire ownership of 99.44% of the shares in OTP Banka Slovensko, a.s., the companies said.

The remaining shares are held by a number of private individuals. The transaction received regulatory approval from the National Bank of Slovakia, the National Bank of Belgium, the European Central Bank and the Antimonopoly Office of the Slovak Republic.

Date Published: 30/11/2020