Clifford Chance (CC) and Linklaters have picked up lead roles on HSBC's sale of its Asian and Latin American insurance businesses to AXA and QBE for $914m (£578m). CC is acting both for HSBC and Hang Seng Bank on the sale of the businesses in Hong Kong, Singapore, Argentina and Mexico. Linklaters is advising AXA, which is paying $494m (£313m) in cash for HSBC's insurance portfolios in Hong Kong, Singapore and Mexico.
March 08, 2012 at 09:47 AM
1 minute read
The original version of this story was published on Legalweek
Clifford Chance (CC) and Linklaters have picked up lead roles on HSBC’s sale of its Asian and Latin American insurance businesses to AXA and QBE for $914m (£578m).
CC is acting both for HSBC and Hang Seng Bank on the sale of the businesses in Hong Kong, Singapore, Argentina and Mexico.
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