Report: HSBC considering £7B sale of its Canada unit

Tuesday, 04. October 2022 11:49

HSBC Holdings plc is looking at a sale of HSBC Bank Canada, Sky News reported on Tuesday, citing unnamed sources.

The London-based bank's subsidiary in Canada could be valued at £7 billion, according to the report.

HSBC told the media outlet that a sale is one of the options for the Canadian unit, but stressed that no official decisions have been made yet.

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Baha Breaking News (BBN) / MS