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HSBC in talks over potential sale of Pakistani operations

Thu, 27th Feb 2014 10:38

HSBC's indirect wholly-owned subsidiary, HSBC Bank Middle East, confirmed that it was in discussions with Meezan Bank about the possible sale of its Pakistani operations. The FTSE 100 banking giant said the discussions were at a preliminary stage and "may or may not lead to a sale". "Any sale would be subject to, amongst other things, appropriate regulatory approvals," it added. HSBC's share price was down 0.19% at 625.90p 30 minutes after the announcement.NR

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