HSBC Continental Europe To Sell Greece Operations To Pancreta Bank For Undisclosed Sum

HSBC Holdings Plc (HSBC,HSBA.L) said on Monday that its arm HSBC Continental Europe has inked an in-principle agreement to sell its branch operations in Greece to Pancreta Bank SA.

The financial terms of the transaction, which is expected to be completed in the first half of 2023, were not known.

Upon the completion of the sale, all employees of HSBC Continental Europe in Greece are anticipated to be transferred to Pancreta Bank.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
MTD Products Inc. is recalling 1,774 units of walk-behind self-propelled lawn mowers for potential risk of fire hazard, a statement by the U.S. Consumer Product Safety Commission (CPSC) showed. The company said the lawn mower can leak fuel when it is stored in the upright (vertical) storage position to pose a fire hazard. Nike Inc. announced its plans to exit the Russian market completely following Russia's ongoing war against Ukraine, reports said. The sportswear major, with more than 100 stores in the country, had suspended operations there in March. Earlier in March, while suspending operations temporarily, the company had said its customers that it couldn't guarantee product shipments. The U.S. Food and Drug Administration unveiled its action plan to advance drug development for rare neurodegenerative diseases, including Amyotrophic Lateral Sclerosis or ALS, in five years. The FDA plans specific actions such as regulatory science initiatives, enhancements to existing programs and new policy initiatives for the purpose. It will use public-private partnerships...
Follow RTT