The ownership of the Banque Internationale à Luxembourg (BIL) is understood to have changed, with 90% of the shares - previously owned by Qatar-based Precision Capital - being sold to
Legend Holdings Corporation, a China-based holding company.
The LCGB has asked for clarification and guarantees regarding the change in ownership and has requested a meeting with BIL management in order to obtain information about the deal. I a statement, "The question of maintaining and developing employment within the BIL is indeed essential for the LCGB. The same applies to the earnings of employees and their working conditions. This is why the LCGB wishes to meet with BIL leaders quickly to obtain clarification and guarantees regarding these media announcements as well as the future strategy of the bank."