Blueprint
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a - 16 or 15d - 16 of
the Securities Exchange Act of 1934
For the
month of November
HSBC Holdings plc
42nd
Floor, 8 Canada Square, London E14 5HQ, England
(Indicate
by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F).
Form
20-F X
Form 40-F ......
(Indicate
by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934).
Yes.......
No
X
(If
"Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-
...............).
HSBC AGREES TO SELL ITS BUSINESS IN LEBANON
HSBC
Bank Middle East Limited, an indirect wholly-owned subsidiary of
HSBC Holdings plc, has entered into an agreement to sell its
business in Lebanon (the 'Business') to BLOM BANK S.A.L. ('Blom')
(the 'Transaction').
Completion
of the Transaction, expected to take place during the first half of
2017, is subject to regulatory approvals. It represents further
progress in the execution of HSBC Group strategy.
At 30
June 2016, the Business comprised three branches with total assets
of approximately US$953m. All employees in the Business are
expected to transfer to Blom as part of the
Transaction.
Media enquiries to Paul Harris on +971 562165764 or at
paul1.harris@hsbc.com
Notes to editors:
1. HSBC Bank Middle East Limited
HSBC Bank Middle East Limited ('HBME') is a wholly owned indirect
subsidiary of HSBC Holdings plc. It provides a range of banking and
related financial services in the Middle East and North Africa
through branches in the UAE, Qatar, Kuwait, Bahrain, Algeria and
Lebanon.
2. HSBC Holdings plc
HSBC
Holdings plc, the parent company of the HSBC Group, is
headquartered in London. The Group serves customers worldwide from
around 4,400 offices in 71 countries and territories in Europe,
Asia, North and Latin America, and the Middle East and North
Africa. With assets of US$2,557bn at 30 September 2016, HSBC
is one of the world's largest banking and financial services
organisations.
ends/all
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
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HSBC
Holdings plc
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By:
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Name:
Ben J S Mathews
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Title:
Group Company Secretary
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Date:
16 November
2016
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