Bloomberg News

HSBC Plans to Buy Lloyds U.A.E. Retail Operations, Reuters Says

March 29, 2012

HSBC Holdings Plc (HSBA) plans to buy Lloyds Banking Group Plc (LLOY)’s retail operations in the United Arab Emirates, Reuters reported, citing people it didn’t identify.

HSBC may make an announcement today, the news agency reported.

To contact the reporter on this story: Shaji Mathew in Dubai at shajimathew@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net


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