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HSBC to sell general insurance businesses in Hong Kong, Singapore, Argentina and Mexico

March 08, 2012

HSBC and Hang Seng Bank have agreed to sell their general insurance businesses in Hong Kong, Singapore, Argentina and Mexico (the 'Sale Territories'), representing further progress in the execution of our strategy.

1888PressRelease - The value of the gross assets to be sold by HSBC Group companies was US$1,228m (net asset value US$237m)1 at 31 December 2011, of which assets to be sold to AXA represent US$444m (net asset value US$4 [...]

http://www.1888pressrelease.com/hsbc-to-sell-general-insurance-businesses-in-hong-kong-sing-pr-380101.html
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