LONDON--HSBC Holdings PLC (HSBA.LN), a provider of banking and financial services, confirmed Thursday that it is reviewing its strategic options with respect to its shareholding in Bao Viet Holdings.
-No decision has been made as yet and HSBC will make a further statement if or when appropriate.
-HSBC notes the recent press speculation concerning a possible sale by its wholly-owned subsidiary HSBC Insurance -Asia Pacific Holdings Ltd of its 18% stake in Bao Viet Holdings, Vietnam's leading insurance and financial services group.
-HSBC Holdings PLC shares at 1005 GMT up 1.0 pence, or 0.2%, at 564.5 pence, valuing the company at GBP102.83 billion.
-Write to Razak Musah Baba at email@example.com
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(END) Dow Jones Newswires
August 09, 2012 06:23 ET (10:23 GMT)
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