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Legend receives regulators’ blessings to take over Luxembourg’s oldest private bank

Legend Holdings, the China and Hong Kong dual-listed mainland investment holdings group controlled by Lenovo founder Liu Chuanzhi, has cleared all necessary regulatory hurdles in Europe for it to assume majority control over its EUR 1.53 billion deal to take over Luxembourg’s oldest private bank, Banque Internationale à Luxembourg (BIL), according to a bank announcement. The deal marks the second…

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