Chinese owners launch €2.5bn sale of Luxembourg’s oldest bank

The Chinese owners of Luxembourg’s oldest bank, Banque Internationale à Luxembourg, are reportedly planning a €2.5 billion sale of their 90% stake. The move comes as initial bids are expected to be submitted by the end of the month, signaling a significant shift in ownership. This transaction could reshape the banking landscape in Luxembourg and has implications for international financial markets, as it involves a major player divesting from a long-standing institution. For those invested in European banking, this sale is a notable event that could influence future M&A activities in the sector.