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Provider: MacroRisk Analytics/EconomicInvestor
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Provider: MacroRisk Analytics/EconomicInvestor
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Provider: MacroRisk Analytics/EconomicInvestor
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HSBC Holdings PLC's HSBC Bank Middle East Limited to sell its business in Jordan to Arab Jordan Investment Bank plc


Monday, 20 Jan 2014 07:55am EST 

HSBC Holdings PLC:Says HSBC Bank Middle East Limited, an indirect wholly-owned subsidiary of the company, has entered into an agreement to sell its banking business in Jordan (the Business) to Arab Jordan Investment Bank plc (AJIB).Says all employees in the business, with a very small number of exceptions, are expected to transfer to AJIB as part of the sale.Says the transaction is expected to complete during the H1 2014.Financial terms of the transaction were not disclosed. 

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