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Provider: MacroRisk Analytics/EconomicInvestor
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HSBC Holdings PLC's Subsidiary Sells 73% Shareholding in HSBC (HELLAS) Mutual Funds Management SA


Wednesday, 23 Jan 2013 07:00am EST 

HSBC Holdings PLC announced that HSBC Bank plc (HSBC), its wholly-owned subsidiary has entered into an agreement to sell its 73% shareholding in HSBC (HELLAS) Mutual Funds Management SA (HSBC AEDAK), its mutual fund business in Greece, to Mr. John Vezanis, the General Manager of HSBC AEDAK, who is the owner of the 27% shareholding not owned by HSBC.