Dexia private bank sold to Qatar (90 percent) and Luxembourg for less than analysts had estimated.

Published on Dec 20, 2011 by Euronews

http://www.euronews.net/ Qatar's royal family is to buy 90 percent of bailed-out Dexia's private banking arm as the Franco-Belgian group is broken up.

The rest will be purchased by the Luxembourg government.

The price for Banque Internationale Luxembourg (BIL) is 730 million euros, less than analysts had estimated.

Morgan Stanley estimated the value of BIL at 1.0-1.7 billion euros in October, with reports at the time saying the overall price was likely to be around one billion euros.