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China’s Legend Holdings to buy Luxembourg bank from Qatar’s Precision Capital
China’s Legend Holdings struck a deal on Friday to buy a 90 percent stake in Banque Internationale a Luxembourg (BIL) for €1.48 billion (SR6.62 billion) in the biggest takeover of a European deposit-taking bank by a Chinese firm so far. Legend, best known as owner of computer group Lenovo, is…
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Click here to read the full story: Arab News