HSBC Bank Malta plc - Transfer of Shareholding
On 30 November 2022, HSBC Bank Malta plc announced that the Bank has been notified that following regulatory approval, HSBC Europe B.V. transferred its direct shareholding of 70.0295% in HSBC Bank Malta plc to HSBC Continental Europe. The transaction will not involve any change in the day-to-day business of the Bank and its subsidiaries.
The transaction took place in the context of a corporate restructuring by the HSBC Group to comply with an EU Directive for non-EU headquartered banking groups to have an intermediate parent company in the EU. The ultimate control of the HSBC Malta Group will remain vested in HSBC Holdings plc.