Ardshinbank to acquire the Armenian unit from HSBC.

Synopsis

Ardshinbank, an Armenian commercial bank, agreed to acquire the Armenian unit from HSBC, a banking and financial services organization. Financial terms were not disclosed. A series of disposals of non-core businesses aimed at tightening HSBC's global footprint.

Principals

target

Hsbc (armenian Unit)

bidder

Ardshinbank Cjsc

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Market Context

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Bidder Team (2)

artak ananyan

Chairman of the Management Board at ARDSHINBANK CJSC

Manager

bidder

Deal

n/a

Total Value

edward r. kempson

Partner at Latham & Watkins

Lawyer

bidder

Deals

n/a

Total Value

Vendor Team (1)

noel quinn

CEO at HSBC HOLDINGS PLC

Manager

vendor

Deals

£ 9.84 B

Total Value

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