On 29 November 2022, HSBC Holdings plc ('HSBC') announced the sale of its business in Canada ('HSBC Canada') to Royal Bank of Canada ('RBC'), subject to regulatory and governmental approvals. On 21 December 2023 the Canadian Federal Government's Minister of Finance approved the sale, with this approval enabling the transaction to proceed.
HSBC and RBC continue to make progress on implementation and the transaction is expected to close in the first quarter of 2024. HSBC remains committed to considering the payment of a special dividend of $0.21 per share as a priority use of the proceeds from this sale in the first half of 2024.
https://www.investegate.co.uk/announcem ... da/7957901
Also posted on Company News here; viewtopic.php?p=635670#p635670
I hold NSBC in my HYP, and I know others hereabouts do too. For me the mention of a special dividend is very welcome.
Ian.