Showing posts with label Dexia Luxembourg Bank. Show all posts
Showing posts with label Dexia Luxembourg Bank. Show all posts

Thursday, October 6, 2011

Qatari Sovereign Fund Seen As Buyer Of Dexia Luxembourg Bank

BRUSSELS (Dow Jones)--The Qatar Investment Authority, the nation's sovereign wealth fund, is the leader of a consortium of investors that is set to buy Dexia SA's (DEXB.BT) Luxembourg retail banking subsidiary, a person familiar with the discussions said Thursday.

The sale is part of a plan to break up Dexia set in motion after Moody's Investors Service this week warned that the bank's heavy dependence on wholesale funding threatened its stability.