HSBC Global Site
The world's local bank
HSBC to sell Spanish stockbroker to Inversis Banco
11 August 2004
HSBC Europe B.V., a member of the HSBC Group, has agreed to sell its Spanish stockbroking unit, HSBC Intermediarios (Espana) A.V. S.A., to Inversis Banco for a consideration of EUR3.5 million.
The transaction is subject to regulatory approval.
HSBC Intermediarios is headquartered in Valencia and currently has approximately 489.2 million Euros under management.
Useful tools
Increase font
Decrease font