M&A Deal Summary

KBC Group Acquires Raiffeisenbank

On November 15, 2021, KBC Group acquired financial services company Raiffeisenbank from Raiffeisen Bank International

Acquisition Highlights
  • This is KBC Group’s 1st transaction in the Financial Services sector.
  • This is KBC Group’s 1st transaction in Bulgaria.

M&A Deal Summary
Date 2021-11-15
Target Raiffeisenbank
Sector Financial Services
Buyer(s) KBC Group
Sellers(s) Raiffeisen Bank International
Deal Type Divestiture

Target

Raiffeisenbank

Bulgaria
Raiffeisenbank (Bulgaria) is a provider of banking, asset management, leasing and insurance brokerage services to retail, SME and corporate customers. Raiffeisenbank (Bulgaria) was founded in 1994 and is based in Bulgaria.

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Buyer(S) 1

Buyer

KBC Group

Brussels, Belgium
Category Company
Founded 1935
Sector Financial Services
Employees33,555
Revenue 10.8B EUR (2023)
DESCRIPTION

KBC Group is an integrated bancassurance group, catering mainly for retail, SME and midcap customers. It concentrates on its home markets of Belgium and certain countries in Central and Eastern Europe. KBC Group was founded in 1935 and is based in Brussels, Belgium.

DEAL STATS #
Overall 3 of 3
Sector (Financial Services) 1 of 1
Type (Divestiture) 2 of 2
Country (Bulgaria) 1 of 1
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-11 NN Group N.V. - Bulgarian Pension & Life Business

The Hague, Netherlands

NN Group has developed its business in Bulgaria with Pension and Life insurance products since its entrance into the market in 2001. NN Bulgaria has 138 employees, and the customer base consists of over 400,000 individuals and 400 corporate clients.

Buy €78M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-02 KBC Bank Ireland

Ireland

KBC Bank Ireland is a provider of financial services based in Ireland.

Sell -

Seller(S) 1

SELLER

Raiffeisen Bank International

Vienna, Germany
Category Company
Sector Financial Services
DESCRIPTION

Raiffeisen Bank International is a corporate and investment bank. Raiffeisen Bank International is based in Vienna, Germany.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Bulgaria) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-06 Equa bank

Praha, Czech Republic

Equa bank offers simple, comprehensible, and transparent banking services for retail and business customers. Products include current and savings accounts with free maintenance, multi-currency debit cards, mortgages, term deposits, consumer loans, insurance, and business loans. Equa bank is based in Praha, Czech Republic.

Buy -
Mergr

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