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Sep 10, 2007 19:51 EEST
September 10 (SeeNews) - Belgian financial group KBC on Monday said it has completed the acquisition of 60% of Serbian corporate finance advisory company Bastion Group for an undisclosed sum as part of its expansion in the financial brokerage sector in Central and Eastern Europe.
“Bastion Group will be renamed KBC Securities Corporate Finance LLC," KBC said in a statement.
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KBC Securities, a wholly-owned broking subsidiary of KBC Group, agreed in April, to buy 60% of Bastion and 100% of Serbian brokerages Senzal and Hipobroker.
Over the past six months, KBC Securities has made acquisitions in Romania, Hungary, Bulgaria and Latvia. It is also active in the Czech Republic and Poland.
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