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Legend Holdings completes acquisition of Banque Internationale à Luxembourg

Beijing-based and Hong Kong-listed Legend Holdings Corp. received all necessary approvals for and completed the acquisition of Precision Capital SA's 89.936% stake in Banque Internationale à Luxembourg SA.

Luxembourg will retain its 9.993% stake in the bank. Luc Frieden will remain the lender's chairman, and Hugues Delcourt will remain CEO.