IFLR1000

Legend Holdings $1.8 billion acquisition of Banque Internationale à Luxembourg

3/7/2018
Private acquisition
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$ 1.8 billion

Completed

3/7/2018

Overview:

  • China's Legend's Holding has acquired 90% stake in Banque Internationale à Luxembourg, the oldest private bank in Luxembourg, from Qatar royal family's investment vehicle Precision Capital for $1.8 billion.
  • The transaction marks Legend's biggest overseas acquisition to date.

Rajeeb Gurung - Researcher

Jurisdictions:

Hong Kong SAR
Luxembourg
Switzerland

Deal type:

Private acquisition

Practice area:

M&A

Industry sector:

Banking

Firm:
Lenz & Staehelin

Party: Banque Internationale à Luxembourg (Target)

Lawyer: Marcel Tranchet

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