Banking
London investor to buy troubled ABLV Luxembourg
Duet Group to submit formal request for change of control in coming weeks
London-based investment firm Duet Group, run by ex-banker Henry Gabay, has entered into a share purchase agreement to buy troubled Latvian bank ABLV's Luxembourg arm.
The Latvian parent bank entered "voluntary liquidation" in February after US authorities said it had laundered money and violated sanctions against North Korea.
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