Friday 25 July 2014

Qatari royals, Luxembourg to buy Dexia unit

Qatar's royal family and Luxembourg are to buy Dexia's private banking arm Banque Internationale Luxembourg for 730 million euros ($950 million), as part of the Franco-Belgian group's bailout plan. 'Precision Capital, a Qat


Qatari royal-linked group to buy Dexia's BIL, KBL

The Qatari investment group intending to take over Dexia's Luxembourg unit BIL belongs to members of the Qatari royal family, who are also buying KBC's private banking unit, Luxembourg's Finance Minister Luc Frieden said on Monday.

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