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HSBC Holdings plc (HSBC) is a banking and financial services company. Its segments include Wealth and Personal Banking (WPB), Commercial Banking (CMB) and Global Banking and Markets (GBM). WPB provides products and services that include current accounts, credit cards, personal loans and mortgages, as well as savings, investments, insurance and wealth management. CMB provides businesses with... see more

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HSBC Holdings Ord Shs > Korea Exchange Bank bid

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Post by investology on May 25, 2008 7:07pm

Korea Exchange Bank bid

(Source: John Simpson, Bloomberg, May 25) <https://www.bloomberg.com/apps/news?pid=20601208&sid=aw0zhWBB4nFY&refer=finance>

HSBS Holdings PLC may end up abandoning its $6.2 billion bid for Korea Exchange Bank, the the govt. of SOuth Korea initiates any further delays and does not come to an agreement soon.

The acquisition has already been delayed extensively, as HSBC had seeked approval for the Korean Exchange Bank takeover way back in December. The purchase is to be made from Lone Star Funds, currently owning the Korean Bank.

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