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Dexia Group to sell its Slovak affiliate

THE French-Belgian Dexia Group will seek a new majority owner for its Slovak affiliate, Dexia Banka Slovensko, by the end of October 2012, the SITA newswire wrote in February.

THE French-Belgian Dexia Group will seek a new majority owner for its Slovak affiliate, Dexia Banka Slovensko, by the end of October 2012, the SITA newswire wrote in February.

This planned change in the ownership, resulting from a decision by the European Commission about Dexia Group, will have no influence either on clients of Dexia Banka or services provided to them, according to Dexia Banka director-general Stefaan Depaepe.

Dexia Group will sell a 70-percent stake in Dexia Crediop, an 88.7-percent share in Dexia Banka Slovensko by October 31, 2012, and a 60-percent stake in Dexia Sabadell by December 31, 2013.

Dexia Group said it would continue to support Dexia Banka Slovensko and prepare it for the future, adding that the generous timeframe for the change would enable Dexia Group to prepare a smooth transfer of ownership rights.

Dexia Banka Slovensko has been operating in Slovakia since 1993.


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