Franco-Belgian bank Dexia announced that it has sold its Luxembourg unit for US$ 950 million Qatar’s Precision capital after an associated capital increase of € 204 million.
Dexia struck a deal to sell 90% of Banque Internationale a Luxembourg (BIL) to Qatari investment group Precision Capital and the Grand Duchy of Luxembourg. Precision Capital will hold 90% and Luxembourg 10%.
Bank Audi Research
9 October
