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KBC Securities is acquiring majority ownership (51.04% stake) of Baltic Investment Company

Brussels, Riga. KBC Securities and the management of Baltic Investment Company (BIC) today reached agreement for KBC Securities to acquire majority ownership (51%) of BIC, a corporate finance specialist with activities in Latvia (Riga), Russia (Moscow), Ukraine (Kiev) and the Baltic states. BIC is headquartered in Riga. The two parties intend to finalise the deal in the third quarter of 2007. Baltic Investment Company also has plans to enter the stockbroking business in the Ukraine.

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