on KBC (EBR:KBC)
KBC Group announces the results of its takeover bid for an AT1 security
On 18 September 2024, KBC Group announced the results of its cash tender offer. This offer concerned the €1,000,000,000 Undated Deeply Subordinated Additional Tier 1 Fixed Rate Resettable Callable Securities. The objective was to repurchase these securities for a total principal amount of up to EUR 750 million.
Subject to the conditions of the offer memorandum of 10 September 2024, the total repurchase will ultimately amount to EUR 636 million. Holders of the securities can consult the full results on the KBC Group website.
For further information, the contact authorities are Kurt De Baenst, Director of Investor Relations and Viviane Huybrecht, Director of Corporate Communications.
R. H.
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