HSBC Continental Europe announced on December 20 local time that it has signed a memorandum of understanding for a potential sale of its French life Insurance subsidiary HSBC Assurances Vie (France) to the French Insurance company Matmut. According to the financial terms of the potential Trade, Matmut will acquire HSBC Assurances Vie (France) for €0.925 billion in Cash. It is estimated that this will result in approximately €0.1 billion pre-tax loss for HSBC Continental Europe.
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汇丰欧洲大陆签订谅解备忘录，出售法国人寿保险子公司
HSBC Continental Europe has signed a memorandum of understanding to sell its French life Insurance subsidiary.
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