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Merger and Acquisition: Absa buys Retail Banking and SMR Banking from HSBC

Published: November 21, 2023

Some 38,000 customer accounts affected by this interbank deal

Source: business.mega.mu

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Greg LowdenShanghai Banking CorporationAbsa Bank Mauritius LimitedShanghai Banking Corporation LimitedPersonal BankingBusiness BankingAbsa BankAbsa MauritiusGlobal CustodySustainable FinanceChief Executive OfficerInstitutional Banking

HSBC to sell retail, wealth businesses in Mauritius to Absa

Published: November 14, 2023

The move is the latest push by Europe’s biggest lender to offload international units. Read more at straitstimes.com.

Source: straitstimes.com

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Indian OceanSouth AfricaEastern CapeGreg LowdenMauritius To Absa GroupAbsa GroupRoyal BankArrie Rautenbach

HSBC to sell retail, wealth businesses in Mauritius to Absa

Published: November 13, 2023

Deal expected to be completed in the third quarter of 2024.

Source: moneyweb.co.za

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Indian OceanEastern CapeSouth AfricaGreg LowdenAbsa GroupCitigroup IncHsbc HoldingsMauritius To Absa GroupRoyal Bank