HSBC Holdings to Review HSBC Bank Malta Shareholding
By Ian Walker
HSBC Holdings is planning a review of its indirect 70.03% shareholding in HSBC Bank Malta.
The Maltese subsidiary of Europe's biggest bank by market value said Wednesday that it was informed last night that HSBC Holdings was planing a strategic review of its shareholding.
HSBC Bank Malta said it was making the announcement to support the smooth functioning of the public market given the role it plays in Malta's economy and society, and will make further announcements as and when required.
HSBC Holdings' shareholding is worth about 416.2 million euros ($544.3 million) based on the Maltese bank's current share price of around 1.65 euros.
HSBC Holdings didn't immediately respond when approached for comment by Dow Jones Newswires.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
September 11, 2024 08:15 ET (12:15 GMT)
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