Arab Today, arab today qatar to acquire luxembourg\s kbl bank for 10 bn euros
Last Updated : GMT 20:43:23
Arab Today, arab today
Arab Today, arab today

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

Arab Today, arab today

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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