5th Dec 2007 13:00
HSBC Holdings PLC05 December 2007 The following text is the English translation of a statutory public announcementaccording to section 15 of the Securities Trading Act ("Wertpapierhandelsgesetz") in Germany by HSBC Trinkaus & Burkhardt, a 78.6 per cent indirectly ownedsubsidiary of HSBC Holdings plc. HSBC TRINKAUS & BURKHARDT AG ACQUIRES SHARES OF INTERNATIONAL TRANSACTION SERVICES HSBC Trinkaus & Burkhardt AG has agreed to acquire 49 per cent of the shares ofInternational Transaction Services GmbH from T-Systems Enterprise Services GmbHwith effect from 1 January 2008. The gross asset value of InternationalTransaction Services GmbH was €61.2 million as of 31 December 2006. Theacquisition is subject to the approval of the supervisory board of T-SystemsEnterprise Services GmbH. International Transaction Services GmbH provides securities settlement servicesand was founded in 2005 as a Joint Venture by T-Systems Enterprise Services GmbHand HSBC Trinkaus & Burkhardt Gesellschaft fur Bankbeteiligungen mbh, a whollyowned subsidiary of HSBC Trinkaus & Burkhardt AG. On completion of the acquisition HSBC Trinkaus & Burkhardt AG will own 100 percent of the shares in International Transaction Services GmbH on a consolidatedbasis. Notes to editors: 1. HSBC Trinkaus & Burkhardt AG HSBC Trinkaus is one of the leading private banks in Germany and part of theglobally-operating HSBC Group. In addition to the head office in Dusseldorf,HSBC Trinkaus is represented in six locations in Germany with over 1,800employees and has access to the global network of the HSBC Group. With totalassets of €21.8 billion* and €86.3 billion in funds under management andadministration*, the bank has a Fitch IBCA rating of AA-. The core target groupsare private clients, corporate clients and institutional clients. *(figures asat 30 September 2007). Copies of all the bank's news releases can be found on the homepage www.hsbctrinkaus.de. 2. HSBC Holdings plc HSBC Holdings plc serves over 125 million customers worldwide through around10,000 offices in 83 countries and territories in Europe, the Asia-Pacificregion, the Americas, the Middle East and Africa. With assets of some US$2,150billion at 30 June 2007, HSBC is one of the world's largest banking andfinancial services organisations. HSBC is marketed worldwide as 'the world'slocal bank'. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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