(Alliance News) - HSBC Holdings PLC on Friday said it plans to delist from the Euronext stock market in Paris after reviewing costs and trading volumes.
The lender said its listings in Hong Kong, New York and London will be unaffected by the move.
HSBC said the decision followed a "review of the trading volumes, costs and administrative requirements related to its Euronext Paris listing".
"Any delisting of HSBC's ordinary shares from Euronext Paris is subject to the approval of Euronext Paris and would have no impact on HSBC's day-to-day operations in France or in Continental Europe, where HSBC remains committed to its plans to be a leading international bank in Europe," HSBC added.
HSBC shares were marginally higher at 324.05 pence each in London on Friday afternoon. In Paris, the stock closed flat at EUR3.59.
By Eric Cunha; ericcunha@alliancenews.com
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HSBC Holdings (HSBA)