2nd Feb 2006 16:34
HSBC Holdings PLC02 February 2006 THE CYPRUS POPULAR BANK Further to the announcement of 11 January 2006, HSBC Holdings plc has reachedagreement for the sale of its 21.16 per cent shareholding in The Cyprus Popular Bank Public Company Limited, for a consideration of approximately US$235 million in cash. The purchasers are: Marfin Financial Group, Tosca Fund and Laiki Bank (Nominees)Ltd. HSBC Holdings plc has been advised by its investment banking arm and InvestmentBank of Greece S.A. acted for the purchasers on the transaction. Note to editors: HSBC Holdings plcHSBC Holdings plc is headquartered in the UK. The HSBC Group serves over 110million customers worldwide from more than 9,700 offices in 77 countries andterritories in Europe, the Asia-Pacific region, the Americas, the Middle Eastand Africa. With assets of US$1,467 billion at 30 June 2005, HSBC is one of theworld's largest banking and financial services organisations. HSBC is marketedworldwide as 'the world's local bank'. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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