HSBC Reviewing Strategic Options With Respect to Stake in Bao Viet
HSBC Holdings PLC (HSBA.LN), a provider of banking and financial services, confirmed Thursday that it is reviewing its strategic options with respect to its shareholding in Bao Viet Holdings.
MAIN FACTS:
-No decision has been made as yet and HSBC will make a further statement if or when appropriate.
-HSBC notes the recent press speculation concerning a possible sale by its wholly-owned subsidiary HSBC Insurance -Asia Pacific Holdings Ltd of its 18 percent stake in Bao Viet Holdings, Vietnam’s leading insurance and financial services group.
-HSBC Holdings PLC shares at 1005 GMT up 1.0 pence, or 0.2 percent, at 564.5 pence, valuing the company at GBP102.83 billion.
Category: Finance
