Mergers & Acquisitions
Uncategorized
Wealth and Asset Management
Qatari royal family acquires another European private bank
Qatar and Luxembourg are to buy bailed-out Dexia's private banking arm for 730 million euros ($950 million), less than analysts had estimated, as the Franco-Belgian group is broken up. Qatar's al-Thani royal family will acquire 90 percent of Banque Internationale Luxembourg (BIL) via their Precision Capital investment group, Dexia said…
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Click here to read the full story: Reuters