|
Today, RHJ International SA (RHJI) and KBC Asset Management NV (a KBC group company) closed the sale of KBC Asset Management’s Dublin-based subsidiary KBC Asset Management Ltd (KBCAM Dublin) to RHJI, after having received the necessary approval of the Irish regulator. RHJI and KBC Asset Management NV announced the agreement on the sale on 21 June 2010. The impact of the sale on KBC's earnings and capital is negligible given the size and nature of the activities involved. Danny De Raymaeker, Chairman of the Board of Directors of KBC Asset Management NV had this to say: “This transaction allows KBC Asset Management NV to continue to implement its strategy, which is focused on catering predominantly for KBC customers through the existing KBC distribution channels, mainly in the group’s core...
|