Telenor Serbia closes acquisition of KBC Banka

Friday 20 December 2013 | 11:30 CET | News
Telenor Serbia announced the completion of its acquisition of KBC Banka, previously part of KBC Group. The agreement reached in April sees Telenor Serbia acquire 100 percent of the shares in KBC Banka, while Societe Generale acquired KBC Banka's portfolio of individual, small business and SME customers. Telenor Serbia had previously received the necessary regulatory approvals for the acquisition from the National Bank of Serbia and Commission for Protection of Competition. Telenor believes that mobile financial services will bring new attractive banking solutions to citizens of Serbia and

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Categories: Mobile & Wireless
Companies: Telenor Serbia
Countries: Serbia
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