Abstract:
The media quoted unnamed people familiar with the matter as reporting that Legend Holdings is cooperating with Goldman Sachs to seek to sell 90% of its stake in Bank International de Luxembourg. Preliminary offers are expected to close around the end of this month and could value the bank at about 2.5 billion euros or more.
Lenovo Holdings has received preliminary interest in the bank from institutions in Europe and the Middle East.
Some interested institutions are considering acquiring part of the bank's business, but it is not yet certain whether the transaction can ultimately be concluded.
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