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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: AL Habib Capital Markets (Private) Limited
Provider: Alternate Research (Pvt) Ltd

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HSBC Holdings PLC agrees to sell its business in Pakistan to Meezan Bank Limited

Friday, 9 May 2014 04:45am EDT 

HSBC Holdings PLC:HSBC Bank Middle East Limited (HBME), indirect wholly-owned subsidiary of HSBC Holdings plc, enters into agreement.To sell its banking business in Pakistan (Business) to Meezan Bank Limited (Meezan).Through scheme of amalgamation under Pakistan Banking Companies Ordinance, 1962 (Transaction).Transaction expects to complete during second half of 2014. 

Company Quote

-1.5 -3.49%
6:28am EDT