Brussels poised to decide on property sell-off

The Belgium government is to decide today on the winning bid for the controversial sale of 62 state properties. The transaction, expected to raise EUR 500 mln, has to be finalised by the end of the year to help balance the budget. Belgian newspaper De Tijd reported on Thursday that the KBC Group was considering fielding a rival bid to entered by real estate groups Cofinimmo and Befimmo.

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