HSBC Malta - completion of sale

RNS Number : 5089E

HSBC Holdings PLC

31 May 2012

 



HSBC MALTA COMPLETES SALE OF

CARD ACQUIRING BUSINESS

On 28 December 2011, HSBC Bank Malta p.l.c, a 70.03%-owned subsidiary of HSBC Holdings plc, announced it had agreed to sell its card acquiring business to HSBC Merchant Services Ltd, a Maltese subsidiary of Global Payments Inc.

Regulatory approval of the sale has now been obtained and the sale has been completed.

Media enquiries to Franco Aloisio on [phone].

Note to editors:

HSBC Holdings plc

HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 7,200 offices in over 80 countries and territories in Europe, the Asia-Pacific region, North and Latin America, and the Middle East and North Africa. With assets of US$2,637bn at 31 March 2012, the HSBC Group is one of the world's largest banking and financial services organisations.

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