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.