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BusinessQuiet 5d · day 7

Legend Holdings launches €2.5bn sale of Luxembourg's oldest bank

Chinese investor seeks buyers for 90% stake in Banque Internationale à Luxembourg, with first-round bids due by month-end.

newest coverage 5d agosummary written 4d ago3 pieces NewswiresMastodon

What to know

  • Legend Holdings is selling its 89.9% stake in Banque Internationale à Luxembourg for an estimated €2.5 billion or more, representing a 56% premium over the €1.6 billion paid in 2017.
  • BIL had strong financial performance in 2025: net profit of €210 million (up 24%) and €50.1 billion in assets under management (up 7%), making it an attractive acquisition target.
  • First-round bids are due by the end of September; early interest has come from financial institutions in Europe and the Middle East, though some may seek only portions of the bank rather than the whole.
  • Luxembourg's government retains a 10% stake in BIL, founded in 1856 and a leading player in European wealth management and corporate banking.

“The same people said early interest had come from financial institutions in Europe and the Middle East, but stressed that talks were still at an initial stage.”

Sources familiar with the matter · Yahoo Finance ↗ · Sep 20

Legend Holdings Chinese investment group and sellerGoldman Sachs Financial advisorGrand Duchy of Luxembourg Minority shareholderBanque Internationale à Luxembourg (BIL) Asset being sold

Legend Holdings launches €2.5bn sale of Luxembourg's oldest bank
Yahoo Finance

How it unfolded 2 developments, newest first · click a bar or a number to jump articlesposts

Peak 1 piece in two hours at Sep 19, 11 PM; 3 pieces over 7 days (2 articles · 1 post) Sep 19, 11 PM — 1 piece · 1 article — Newswires 1Sep 20, 1 AM — quietSep 20, 3 AM — quietSep 20, 5 AM — quietSep 20, 7 AM — quietSep 20, 9 AM — quietSep 20, 11 AM — quietSep 20, 1 PM — quietSep 20, 3 PM — quietSep 20, 5 PM — quietSep 20, 7 PM — quietSep 20, 9 PM — quietSep 20, 11 PM — quietSep 21, 1 AM — quietSep 21, 3 AM — quietSep 21, 5 AM — quietSep 21, 7 AM — 1 piece · 1 article — Newswires 1Sep 21, 9 AM — quietSep 21, 11 AM — quietSep 21, 1 PM — 1 piece · 1 post — Mastodon 1Sep 21, 3 PM — quietSep 21, 5 PM — quietSep 21, 7 PM — quietSep 21, 9 PM — quietSep 21, 11 PM — quietSep 22, 1 AM — quietSep 22, 3 AM — quietSep 22, 5 AM — quietSep 22, 7 AM — quietSep 22, 9 AM — quietSep 22, 11 AM — quietSep 22, 1 PM — quietSep 22, 3 PM — quietSep 22, 5 PM — quietSep 22, 7 PM — quietSep 22, 9 PM — quietSep 22, 11 PM — quietSep 23, 1 AM — quietSep 23, 3 AM — quietSep 23, 5 AM — quietSep 23, 7 AM — quietSep 23, 9 AM — quietSep 23, 11 AM — quietSep 23, 1 PM — quietSep 23, 3 PM — quietSep 23, 5 PM — quietSep 23, 7 PM — quietSep 23, 9 PM — quietSep 23, 11 PM — quietSep 24, 1 AM — quietSep 24, 3 AM — quietSep 24, 5 AM — quietSep 24, 7 AM — quietSep 24, 9 AM — quietSep 24, 11 AM — quietSep 24, 1 PM — quietSep 24, 3 PM — quietSep 24, 5 PM — quietSep 24, 7 PM — quietSep 24, 9 PM — quietSep 24, 11 PM — quietYesterday, 1 AM — quietYesterday, 3 AM — quietYesterday, 5 AM — quietYesterday, 7 AM — quietYesterday, 9 AM — quietYesterday, 11 AM — quietYesterday, 1 PM — quietYesterday, 3 PM — quietYesterday, 5 PM — quietYesterday, 7 PM — quietYesterday, 9 PM — quietYesterday, 11 PM — quietToday, 1 AM — quietToday, 3 AM — quietToday, 5 AM — quietToday, 7 AM — quietToday, 9 AM — quietToday, 11 AM — quietToday, 1 PM — quiet 12
Sep 20Sep 21Sep 22Sep 23Sep 24yesterdaynow · 3:15 PM ET
  1. 2

    Sale details and financial performance disclosed

    Coverage reveals the €2.5 billion valuation target, BIL's strong 2025 results (€210 million net profit, up 24%; €50.1 billion in assets under management, up 7%), and that some bidders may pursue only selected parts of the bank rather than the full institution.

    “Legend agreed in 2017 to acquire Precision Capital's 89.936% holding in BIL in a transaction that valued the Luxembourg banking group at approximately €1.6 billion.”
    — Financial Times / Private Banker International
    • byteseu@pubeurope.com

      Legend Holdings Reportedly Launches Sale Of 90% Stake In Banque Internationale À Luxembourg At €2.5 Billion Valuation https://www. byteseu.com/2386240/ # LegendHoldings # Luxembourg

      byteseu@pubeurope.comMastodon5d agoview on Mastodon ↗
  2. 1

    Legend launches formal sale process for BIL stake

    Legend Holdings officially begins marketing its 90% stake in Banque Internationale à Luxembourg with Goldman Sachs as advisor. Initial bids are due around the end of September, with preliminary interest already received from financial institutions in Europe and the Middle East.

    “Initial bids for Legend Holdings' 90% stake in Banque Internationale à Luxembourg are due around the month-end…”
    — Financial Times · source
    1. 1 outlet Legend launches sale of Banque Internationale à Luxembourg – report

      first by Yahoo Finance, 5d ago

    2. 1 outlet Chinese owners launch €2.5bn sale of Luxembourg’s oldest bank

      first by FT, 6d ago

  3. background

    Legend appoints bankers to review options for BIL — Reuters reported that Legend had begun exploring strategic alternatives for the lender, signaling early consideration of a potential sale.

  4. background

    Legend Holdings acquires Banque Internationale à Luxembourg from Qatari owners — Legend bought a 89.936% stake in BIL from Precision Capital, an investment vehicle representing members of Qatar's ruling family, in a transaction valuing the bank at €1.6 billion. The Grand Duchy of Luxembourg retained a 10% shareholding.