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HSBC to buy out Hang Seng Bank for $13.6 billion
Financial Express Hyderabad
|October 10, 2025
HSBC PLANS TO buy out minority investors in Hong Kong's Hang Seng Bank for HK$106.1 billion ($13.6 billion), paying a premium and halting its own share buybacks to acquire a lender hit hard by the local property market downturn.
The proposed acquisition sent HSBC shares 6% down, but HSBC CEO Georges Elhedery said on Thursday the move was “absolutely not” driven by pressure to bail out Hang Seng. The deal contrasts with a string of divestments made by HSBC under CEO Georges Elhedery, who a year ago set out to try and cut costs and simplify the lender's sprawling operations.
HSBC has firepower for deals
Dit verhaal komt uit de October 10, 2025-editie van Financial Express Hyderabad.
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