Belgian financial group KBC (KBC.BR) has hired Goldman Sachs (GS.N) and Merrill Lynch to explore a possible sale of its Polish units Kredyt Bank (BKRE.WA) and insurer Warta later this year, two sources said. "Both Goldman and Merrill were hired for a possible sale of Kredyt Bank and Warta," one person familiar with the plans said on Thursday. "The transaction would take place in the autumn." The comments were confirmed by another source familiar with the plans.KBC agreed with the European Commission in 2009 to divest several assets after receiving 7 billion euros ($10 billion) of state aid during the financial crisis. The plan, however, did not include the sale of KBC's main Polish assets.
The Goldman Sachs Group, Inc. (Goldman Sachs) is a bank holding and a financial holding company. Shares of GS remained unchanged at $140.84. In the past year, the shares have traded as low as $129.50 and as high as $175.34. On average, 5293680 shares of GS exchange hands on a given day and today's volume is recorded at 0.
Source
