KBC Securities Finalises Acquisition of Swiss Capital (Romania)
KBC Securities has received official approval from the Romanian Securities Commission to acquire full control of Swiss Capital, the second biggest independent broking company in Romania. The name of Swiss Capital will be changed to KBC Securities Romania. Swiss Capital was set up in 2002 and expanded to become a top-10 player in Romania, with a 3.4% share of the market. Swiss Capital is also the second biggest shareholder in the Bucharest Stock Exchange, with a stake of 1.8%. It employs 37 FTEs and has five regional offices. The acquisition of Swiss Capital will enable KBC Securities to further develop its Central and Eastern European home market.