Following Wednesday’s announcement by HSBC Bank Malta p.l.c. (‘HSBC Malta’) that it will undertake a strategic review of its indirect 70.03% shareholding in HSBC Malta, the Bank issued a further statement on Thursday.

The Bank made reference to reports in the local media earlier that APS Bank p.l.c. “is in advanced negotiations with the majority shareholder to buy its shareholding in HSBC Malta.”

In terms of Capital Markets Rules 5.174.2, HSBC Malta announced “that it is not aware of any such negotiations taking place between the majority shareholder and APS Bank p.l.c. or any other third party but has requested clarification of the position from its majority shareholder.”

HSBC Malta said it will make further announcements as and when required.

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