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HSBC Holdings PLC's Subsidiary Disposes Of Quantitative Techniques Operations To Euromoney


Thursday, 4 Apr 2013 02:00am EDT 

HSBC Holdings PLC's wholly owned subsidiary HSBC Bank plc has entered into an agreement to dispose of its market indices and data cleansing provider, Quantitative Techniques (QT), to Euromoney Trading Limited. The gross assets being disposed of were recorded at zero in HSBC's accounts as at December 31, 2012. Under the terms of the Transaction, HSBC has committed to retain the services of QT for a period of three years from the completion date. The Transaction is expected to complete by the end of 2013. 

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73.4
1.25 +1.73%
19 Dec 2014