ATHENS Dec 30 Greece's National Bank
agreed to sell a 99.1 pct stake in its Bulgarian unit United
Bulgarian Bank (UBB) and its fully-owned leasing subsidiary
Interlease EAD to Belgian bank insurer KBC group,
National Bank said on Friday.
National Bank will receive 610 million euros ($642.45
million) for the transaction, while UBB plans to make a 50
million euro dividend distribution to the Greek lender ahead of
the transaction and after an approval by its annual general
assembly, the bank said.
The sale of UBB is part of National Bank's restructuring
($1 = 0.9495 euros)
(Reporting by Angeliki Koutantou; editing by Susan Thomas)