HSBC Confirms Delisting From Euronext Paris Due To Costs, Low Volume

(Alliance News) - HSBC Holdings PLC on Wednesday confirmed it its delisting from the Euronext ...

Alliance News 25 November, 2020 | 9:50AM
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(Alliance News) - HSBC Holdings PLC on Wednesday confirmed it its delisting from the Euronext stock market in Paris.

The lender announced at the end October that it was planning to delist from Euronext in Paris after reviewing costs and trading volumes.

The decision has now been approved by the board of directors.

"The delisting will have no impact on HSBC's day-to-day operations in France or in Continental Europe, where HSBC remains committed to its plans to be a leading international bank in Europe. It will also not impact HSBC's other listings on the London Stock Exchange, the Stock Exchange of Hong Kong Ltd, the New York stock exchange or the Bermuda stock exchange," HSBC added.

HSBC shares were up 0.2% to 400.40 pence each in London on Wednesday morning.

By Greg Roxburgh; gregroxburgh@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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