Dexia SA, the Franco-Belgian bank navigating a government-orchestrated breakup, said Tuesday it is selling its Luxembourg subsidiary for €730 million ($948.8 million).
Qatari investment fund Precision Capital will buy 90% of the unit, while the government of Luxembourg will acquire the remaining 10%, the bank said in a statement.
"The parties will negotiate the final legal documentation of the transaction in the coming weeks," the company said.
read more: Olympus Wealth Management
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