EU Antitrust Watchdog Probes $954M Sale Of Dexia Unit

Law360, New York (April 3, 2012, 5:54 PM EDT) -- The European Union’s antitrust regulator on Tuesday launched an investigation into Belgian bank Dexia SA’s €730 million ($954 million) sale of its Luxemborg unit to a Qatari investment group, looking to ensure the deal does not include unlawful state aid.

Luxembourg notified the European Commission of the sale of the Dexia Banque Internationale a Luxembourg unit to to Precision Capital LLC of Qatar on March 23. The sale mostly comprises Dexia BIL's retail and private banking business, while other divisions are separated from the transaction, according...
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