HSBC proposes $13.6 billion deal to take Hong Kong's Hang Seng Bank private

[HSBC Building, London]
William Barton

* HSBC (NYSE:HSBC [https://seekingalpha.com/symbol/HSBC]) on Thursday said it plans to privatise Hong Kong's Hang Seng Bank in a deal worth HK$106.1 billion ($13.63 billion).
* The lender will offer HK$155 per share for the 36.5% of shares it does not already own.
* The HK$106 billion privatization offer values 100% of Hang Seng at HK$290 billion on an equity value basis.
* If approved, Hang Seng will become a wholly owned subsidiary of HSBC Asia Pacific and will be delisted from the Hong Kong Stock Exchange.
* HSBC (NYSE:HSBC [https://seekingalpha.com/symbol/HSBC]) expects [https://www.hsbc.com/news-and-views/news/media-releases/2025/hsbc-proposes-to-privatise-hang-seng-bank-by-scheme-of-arrangement]that this investment in Hang Seng will be accretive to earnings per ordinary share.

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