HSBC sells Canadian Direct Insurance for €15.28m to Canadian Western Bank

HSBC Holdings PLC said it is to sell HSBC Canadian Direct Insurance Inc for $25.4m cad (€15.28m) cash to Canadian Western Bank.

Tue, 02 Mar, 2004 - 13:19

HSBC Holdings PLC said it is to sell HSBC Canadian Direct Insurance Inc for $25.4m cad (€15.28m) cash to Canadian Western Bank.

The deal is expected to complete in 4 to 6 weeks, subject to definitive documentation and regulatory approval.

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