M&A

HSBC to take $1bn hit from Argentina unit sale

By Frank Prenesti

Date: Tuesday 09 Apr 2024

(Sharecast News) - HSBC Holdings on Tuesday said it was selling its Argentina business to Grupo Financiero Galicia for $550m and take a $1bn pre-tax loss in the process as it continued to pivot its operations towards Asia.
"HSBC Argentina is largely a domestically focused business, with limited connectivity to the...

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