Announced
HSBC Holdings to acquire HSBC Trinkaus & Burkhardt from Landesbank.
Synopsis
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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