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Legend Holdings to buy Luxembourg’s oldest bank

Chinese investment holding company, Legend Holdings, which owns well-known PC maker Lenovo Group, has bought into Banque Internationale à Luxembourg, the oldest private bank in the country, The Paper reported. Legend Holdings paid a total 1.534 billion euros (US$1.79 billion) to acquire an 89.936% stake in the Luxembourg bank. The remaining 9.993% stake is held […]