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HSBC raises stake in Banque Eurofin

13 April 2012

BANKING giant HSBC Holdings said today that its CCF unit has agreed to buy an 11.81% stake in the French private bank, Banque Eurofin, from the Bartillat family for HK$202.6m (£17.9m). It boosts CCF's stake in Eurofin to 71.71%. HSBC also planned to buy a 11.3% stake in Eurofin from another family.

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