Bloomberg News

Dexia Is in Advanced Talks to Sell Luxembourg Unit, Frieden Says

October 06, 2011

Oct. 6 (Bloomberg) -- Luxembourg Finance Minister Luc Frieden said Dexia SA is in advanced talks with an undisclosed international investor to sell Dexia Banque Internationale a Luxembourg SA.

Speaking to reporters in Luxembourg, Frieden said talks should be concluded by the end of this month, adding that’s in the interest of the local bank to leave the Dexia group. He declined to identify the potential buyer.

To contact the reporter on this story: Stephanie Bodoni in Luxembourg at sbodoni@bloomberg.net

To contact the editor responsible for this story: John Martens at jmartens1@bloomberg.net


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