CrediaBank agrees to purchase HSBC Malta for €200 million

Greece’s CrediaBank is acquiring 70.03% of the stock superior of HSBC Malta for a information of 200 cardinal euros, pursuing an statement announced connected Tuesday by the two parties.

CrediaBank, the country’s 5th largest lender, will wage a terms of €0.793 per share. This is simply a terms that incorporates a important discount of 40% compared to Tuesday’s closing stock terms of HSBC Malta, which ended up astatine €1.33.

The acquisition, arsenic noted successful the CrediaBank announcement, will accelerate the implementation of CrediaBank’s maturation ambitions, doubling its assets and expanding its activities to a caller marketplace extracurricular Greece.