Lenovo subsidiary to sell 90 percent stake in Banque Internationale à Luxembourg with help of Goldman Sachs

Legend Holdings (3396) of Lenovo (0992) begun a formal sale process for its 90 percent stake in Banque Internationale à Luxembourg (BIL), with the assistance of Goldman Sachs, according to Financial Times. 

The first round of bidding is expected to close around the end of this month, potential valuation estimated at around €2.5 billion (HK$22.55 billion) or higher. 

Lenovo has received initial interest from European and Middle Eastern institutions, but negotiations are still in the early stages, sources revealed, making it uncertain whether the deal will be finalized. 

Lenovo Holdings acquired BIL from its former Qatari investment firm Precision Capital in 2017, valuing the bank at €1.6 billion. 

As of the end of 2025, the bank saw a net profit of €210 million, a 24 percent increase from the previous year. Assets under management increased 7 percent to €50 billion. 

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