Thursday, October 20, 2011

HSBC Holdings plc (LON:HSBA) Set To Buy Bank

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tdp2664 E money daily HSBC Holdings plc (LON:HSBA) has plans to acquire Turkish Denizbank. Flash Player 9 or higher is required to view the chart Click here to download Flash Player now View the full HSBA chart at Wikinvest HSBC Holdings plc (LON:HSBA) Set To Buy Bank The largest European bank HSBC Holdings plc (LON:HSBA) is planning to acquire stakes in the Turkish Denizbank to expand its presence in the fastest growing market in Europe. The company will compete with other banks including OAO Sberbank and QNB for the Turkish arm of Dexia which has about 540 branches in the country. HSBC Holdings plc (LON:HSBA) has been operating in Turkey for the last 20 years and it has more than 300 branches there. A bank spokesman declined to comment on the matter. HSBC Holdings plc (LON:HSBA) stocks stood at 517.4 at the end of the last trading session. Price History Last Price: 517.4 52 Week Range: 466.45- 739.63 Last Vol: 5541183 3 Month Vol: 28150600



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