Erste Group Bank AG (WBAG:EBS) agreed to acquire the remaining 50% stake in EBV-Leasing Gesellschaft M.b.h. & Co. Kg. from Vienna Insurance Group (WBAG:VIG) on November 7, 2013.

Erste Group will own 100% stake in EBV-Leasing Gesellschaft M.b.h. & Co. Kg post acquisition. The transaction is subject to approval by the Federal Competition Authority.