Luxembourg's oldest bank listed for 2.5B
The article concerns the sale process of Banque Internationale à Luxembourg, the oldest private bank in Luxembourg. Chinese investment group Legend Holdings has taken steps to put the bank up for sale, with an estimated value of around 2.5 billion euros or more, after acquiring it in 2017 for 1.6 billion euros. The process has attracted increasing interest from European and Middle Eastern institutions and fits within European banks' strategies to strengthen their financial arms amid rising merger and acquisition activity, particularly in the wealth management and banking services sectors. Founded in 1856, the bank is a significant asset, with assets under management reaching up to 50 billion euros, and it achieved a net profit of 210 million euros by the end of 2025.
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