Private bank Theodoor Gilissen Bankiers has been bought by the Indian financial conglomerate Hinduja Group via its takeover of KBL.

The Hinduja group paid €1.35bn for KBL, which has €47bn in assets under management, the Financieele Dagblad says.
Belgian group KBC is being force to sell KBL as part of a restructuring plan required by the European Commission in return for €7bn in state aid.
The FD reports that Raman Dhir, the British man who took Theodoor Gilissen to court at the end of 2008 in a €14m dispute does know the Hinduja family. That court case has not yet been settled.