Comments are off for this post

Arab Banking Corp and BNP Paribas among bidders for HSBC Turkey

HSBC’s auction of its Turkish operations has attracted bids from Arab Banking Corp and BNP Paribas of France, among others, The Heraldreported. Sources cited in the brief report said Netherlands-based ING Groep has also tabled an offer for the UK-listed bank’s Turkish business, which includes retail, corporate and investment banking services.

The bids received are believed to have been non-binding so it may be some while until the auction ends, the report said. It added that one-to-one negotiations have started.

One person cited in the report said the unit had also attracted interest from Qatar National Bank, although QNB has yet to submit an offer.

Comments are closed.