Re HSBC banking business in Uruguay

RNS Number : 5916D

HSBC Holdings PLC

31 March 2014

 



AGREEMENT FOR SALE OF HSBC'S BANKING BUSINESS

IN URUGUAY ENDS

HSBC Latin America Holdings (UK) Ltd ('HSBC'), a wholly-owned subsidiary of HSBC Holdings plc, announces that the agreement for the sale of HSBC's bank in Uruguay to Banco GNB Sudameris has ended.

HSBC is exploring alternative options for the sale of its banking business in Uruguay.

Media enquiries to:
Lyssette Bravo	+ 52 (1) 55 5721 2888		[e-mail]
Donal McCarthy	+ 44 20 7992 1631		[e-mail]
Investor enquiries to:
Guy Lewis	[phone]		[e-mail]
Hugh Pye	[phone]		[e-mail]

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 over 6,300 offices in 75 countries and territories in Europe, Hong Kong, Rest of Asia-Pacific, North and Latin America, and the Middle East and North Africa. With assets of US$2,671bn at 31 December 2013, the HSBC Group is one of the world's largest banking and financial services organisations.

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