European Central Bank Approves Increase in CEFC’s Share in J&T Finance Group SE

The European Central Bank, one of the key regulators, issued its consent today to the increase in the share held by the Chinese investment group CEFC in the bank holding company J&T Finance Group SE. The ECB’s consent is one of the authorisations that must be obtained by the entire, previously announced transaction. To complete the process, consent must also be obtained from the remaining national regulators in those countries where the bank holding company is active. Once all the authorisations have been obtained, the increase in CEFC’s share to 50% can take place.