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HSBC is distancing itself from APS Bank's ambitions to acquire it, stating there is no preferred buyer in the ongoing sale process. Regulatory approval from the MFSA and ECB is required for any potential transaction, which experts believe would likely be blocked due to concerns over competition and economic interests in Malta. APS's recent profit drop and internal opposition to the acquisition further complicate the situation, as HSBC's exit could diminish Malta's banking reputation and foreign investment appeal.
HSBC Bank Malta announced that there is currently no preferred offeror in the ongoing takeover discussions, which are still in the early stages. The bank has signed confidentiality agreements with its largest shareholder and is negotiating with several prospective buyers, while any potential deal will require regulatory approval from the MFSA and the European Central Bank. HSBC Holdings plc remains committed to supporting the bank and its stakeholders throughout this process.
Charles Scicluna
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
hsbc distances itself from aps bank amid acquisition uncertainties in malta
18:51 25.03.2025
hsbc confirms no preferred offeror in malta takeover discussions
07:57 25.03.2025
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