Disposal of Quantitative Techniques to Euromoney

RNS Number : 5303B

HSBC Holdings PLC

04 April 2013

 



4 April 2013

HSBC DISPOSES OF QUANTITATIVE TECHNIQUES OPERATIONS TO EUROMONEY

HSBC Bank plc ('HSBC'), a wholly-owned subsidiary of HSBC Holdings plc, has entered into an agreement to dispose of its market indices and data cleansing provider, Quantitative Techniques ('QT'), to Euromoney Trading Limited ('the Transaction'). The gross assets being disposed of were recorded at zero in HSBC's accounts as at 31 December 2012.

Under the terms of the Transaction, HSBC has committed to retain the services of QT for a period of three years from the completion date.

The Transaction is expected to complete by the end of 2013.

Media enquiries to:
London
Patrick Humphris	[phone]		[e-mail]
Investor Relations enquiries to:
London
Guy Lewis		[phone]	[e-mail]
Robert Quinlan		[phone]	[e-mail]
Hong Kong
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 around 6,600 offices in 81 countries and territories in Europe, the Asia-Pacific region, North and Latin America, and the Middle East and North Africa. With assets of US$2,693bn at 31 December 2012, the HSBC Group is one of the world's largest banking and financial services organisations.

 

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