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HSBC Sells French Loan Portfolio to Its Former France Subsidiary

HSBC Sells French Loan Portfolio to Its Former France Subsidiary

Bloomberg18-07-2025
HSBC Holdings Plc has sold €6.7 billion ($7.8 billion) of French loans to a consortium that includes its former French subsidiary CCF.
The London-headquartered bank said its European unit had reached a preliminary deal to sell the portfolio, having already written down its value by €1.2 billion earlier this year, according to a statement. It did not announce a sale price.
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