Wealth and Asset Management
Top Belgium-based bank to sell private banking unit to Qatari investor
KBC Groep NV, Belgium’s biggest bank and insurer by market value, agreed to sell its private-banking unit to a Qatari investor for 1.05 billion euros ($1.41 billion) as it seeks to repay Belgian government rescue funds. The sale of Luxembourg-based KBL European Private Bankers SA will boost KBC’s capital by…
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Click here to read the full story: Business Week