17 July 2002
HSBC Holdings plc (HSBC) has been granted approval by the National Banking and Securities Commission (CNBV) in Mexico to conduct a process of due diligence with a view to considering whether to make an offer to acquire a controlling interest in Grupo Financiero Bital (GF Bital).
A further statement will be issued if and when appropriate.
Notes
Grupo Financiero Bital is one of Mexico’s largest financial services groups with more than 1,380 branches and almost six million customers, the largest personal customer base in Mexico.