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HDI Harley Davidson

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Share Name Share Symbol Market Type
Harley Davidson NYSE:HDI NYSE Ordinary Share
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  0.00 0.00% 0.00 -

KBC Group To Sell Polish Unit Warta To Talanx For EUR770 Million

20/01/2012 7:20am

Dow Jones News


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Belgium's KBC Group NV (KBC.BT) has agreed to sell its Polish insurance unit Warta to Germany's Talanx International AG (HDI.YY) for 770 million euros ($998.7 million), the two companies said in a statement Friday.

The sale of Towarzystwo Ubezpieczen i Reasekuracji Warta SA will increase KBC's core tier-1 ratio by "slightly less than 0.7%" and significantly boost Talanx's market share in Poland, the companies added.

-By Marynia Kruk, Dow Jones Newswires; +48 22 447-2431; marynia.kruk@dowjones.com

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