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Qatar to acquire Luxembourg\'s KBL bank for 1.0 bn euros

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Arab Today, arab today Qatar to acquire Luxembourg\'s KBL bank for 1.0 bn euros

Luxembourg - AFP

Belgian bank KBC announced on Monday it agreed to sell its Luxembourg unit KBL to Qatar\'s state-owned investment group Precision Capital for 1.05 billion euros ($1.41 billion). \"The KBC group has reached an agreement with Precision Capital for the sale of its dedicated private banking subsidiary KBL European Private Bankers for a total consideration of EUR 1.05 billion, EUR 50 million of which depend on the results of KBL,\" the bank said in a statement.

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Arab Today, arab today qatar to acquire luxembourg\s kbl bank for 10 bn euros Arab Today, arab today qatar to acquire luxembourg\s kbl bank for 10 bn euros

 



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