HSBC Trinkaus & Burkhardt AG

RNS Number : 9559O

HSBC Holdings PLC

07 July 2010

 



7 July 2010

HSBC TRINKAUS & BURKHARDT AG

RIGHTS ISSUE

Further to the announcement made by HSBC Trinkaus & Burkhardt AG (the 'bank') on 25 May 2010 regarding its one for 13 rights issue, HSBC Holdings plc ('HSBC') confirms that HSBC Germany Holdings GmbH, its wholly owned subsidiary and the majority shareholder of the bank, has subscribed for all of its rights and those not taken up by other shareholders for a total consideration of approximately €149 million.

HSBC's share of the bank's issued share capital has increased from 78.6 per cent to 80.4 per cent.

Media enquiries to Brendan McNamara on [phone] or at [e-mail]

Notes to editors:

1.  HSBC Trinkaus und Burkhardt AG

HSBC Trinkaus is one of Germany's leading private banks and part of the globally operating HSBC Group. With 2,287 employees HSBC Trinkaus can be found in six locations in Germany in addition to the head office in Düsseldorf and has access to the global network of the HSBC Group. With total assets of €22.0 billion* and €100.8 billion in funds under management and administration*, the Bank is the best rated private commercial bank in Germany with a "AA" Fitch Rating last confirmed in December 2009. The Bank's central target groups are wealthy private clients, corporate clients and institutional clients. HSBC Trinkaus' press releases can be found at www.hsbctrinkaus.de  
*(all figures as at 31.03.2010)

2.  HSBC Holdings plc

HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 8,000 offices in 88 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With assets of US$2,364 billion at 31 December 2009, HSBC is one of the world's largest banking and financial services organisations. HSBC is marketed worldwide as 'the world's local bank'.

 

END

 

 

MSCUGURCMUPUUMM