HSBC eyes bumper dividend from $10 bln sale of Canada business to RBC

📆 30/11/2022 02.40.00
📰 Reuters

⏱ Reading Time:
19 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 97%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

HSBC has agreed to sell its business in Canada to Royal Bank of Canada for C$13.5 billion ($10 billion) in cash, paving the way for a potential bumper payout for shareholders later down the line.

for C$13.5 billion in cash, paving the way for a potential bumper payout for shareholders later down the line.

HSBC's disposals have accelerated amid pressure from its biggest shareholder Ping An Insurance Group , which has urged the bank to split off its Asian business to boost returns. "The transaction looks very sensible. In essence, the business is worth more to RBC than it is to HSBC, and the price reflects this," said Ian Gordon, banking analyst at Investec.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

Tulis Komentar

Chinese bank

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

HSBC to sell Canada business to RBC for $10 blnHSBC has agreed to sell its business in Canada to Royal Bank of Canada for $13.5 billion Canadian dollars ($10.04 billion) in cash. Both heavily exposed to Evergrande / China RE...
Sumber: Reuters - 🏆 2. / 97 Baca lebih lajut »