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Provider: Wright Reports
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$506.00
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Provider: S&P Capital IQ – STARS Reports
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$115.00
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HSBC Holdings PLC's HSBC Latin America Holdings (UK) Limited Enters Into Agreement To Sell HSBC Bank (Panama) S.A. To Bancolombia S.A
HSBC Holdings PLC announced that HSBC Latin America Holdings (UK) Limited, a wholly owned subsidiary of HSBC Holdings plc (HSBC), has entered into an agreement to sell HSBC Bank (Panama) S.A. to Bancolombia S.A. (Bancolombia) for a total consideration of USD2.1 billion in cash, based upon estimated net asset value at completion of USD700 million. The transaction is expected to complete by the third quarter of 2013.
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