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New Deal


Announced

HSBC Holdings to acquire HSBC Trinkaus & Burkhardt from Landesbank.

Financials

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Transaction Value£258m
Consideration TypeCash
Capital Owned81%
Capital Bid For19%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Acquisition

Public

Single Bidder

Majority

Pending

Germany

Banks

financial services

Friendly

Domestic

Synopsis

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HSBC Holdings agreed to acquire full control in HSBC Trinkaus & Burkhardt, its German financial services company, from Landesbank Baden-Wuerttemberg, a universal bank for £258m. The bank will acquire an 18.66% stake in HSBC Trinkaus & Burkhardt and will hold 99.33% of the registered share capital after the deal closes.

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