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BRIEF-Legend Holdings updates on acquisition of stake in Banque Internationale A Luxembourg S.A.
September 1, 2017 / 12:59 PM / 3 months ago

BRIEF-Legend Holdings updates on acquisition of stake in Banque Internationale A Luxembourg S.A.

Sept 1 (Reuters) - Legend Holdings Corp:

* Major Transaction Acquisition Of 89.936% Issued Share Capital In Banque Internationale A Luxembourg S.A.

* Beyond Leap agreed to purchase an aggregate of 89.936% issued share capital in Banque Internationale À Luxembourg S.A.

* Consideration to be paid by Beyond Leap to Precision Capital S.A for purchase of sale shares shall be equal to an amount of EURO1.48 billion

* Directors consider acquisition will have no material adverse effect on group’s overall financial conditions and business operation

* Consideration for deal shall be payable in cash Source text (bit.ly/2wXdvJR) Further company coverage:

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