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Reports: KBC eyes acquisition targets in CEE region

KBC GroupNV CEO Johan Thijs said the bank would "look at"Budapest Hitel- és FejlesztésiBank Zártköruen Muködo Rt., if the Hungarian government decides to sellit, Reuters reported Sept. 27, citing Hungarian business daily Vilaggazdasag.

In May, bneIntelliNews reported that the government intended to sell the bankin 2016, while Reuters later cited Hungarian Economy Minister Mihaly Varga assaying that the sale of the lender could be completed by 2017.

Meanwhile, L'Echoalso reported that KBC Group is interested in acquiring and had hiredJPMorgan to advise on a potential transaction.