Franco-Belgian lender Dexia said on Friday it had completed the sale of its Luxembourg arm to Qatar's Precision Capital and the Luxembourg state and would likely suffer a loss of 199 million euros ($258.8 million) as a result.
However, Dexia said it had already set aside a similar amount into its accounts for the first half of 2012.
The prospect of Dexia having to take a large loss related to the sale had led to speculation that it would need to find funds from elsewhere. It already incurred losses of 11.6 billion euros in 2011 and 1.2 billion euros in the first half of this year.
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