Company: HBCYF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0001089113-25-000052
Chunk: 110

Company: HSBC HOLDINGS PLC
Filing Date: 2025-07-30
Form: 6-K
Chunk 110
---
 South Africa business, HSBC Bank plc will transfer the business with a net asset value of $ 0.8 bn for book value less

any provisions. The purchase price will be satisfied by the transfer of agreed liabilities of $ 3.2 bn. Any required increase to the net asset value of the business to

achieve this will be satisfied by the inclusion of additional cash. Based upon the net liabilities of the disposal group at 30 June 2025, HSBC would be expected to

include a cash contribution of $ 2.4 bn.

2 Under the financial terms of the sale of our custody business in Germany, HSBC Continental Europe will transfer a nil net asset value for each client transferred,

by way of inclusion of additional cash.

3 Represents financial investments measured at fair value through other comprehensive income.

| HSBC Holdings plc Interim Report 2025 on Form 6-K |
| 101                                               |

| Overview |     | Interim management report |     | Interim condensed consolidatedfinancial statements |     | Additional information |

16 Events after the balance sheet date A second interim dividend for 2025 of $ 0.10 per ordinary share in respect of the financial year ending 31 December 2025 was approved by the Directors on 30 July 2025, as described in Note 3 . On 30 July 2025, HSBC Holdings announced its intention to initiate a share buy-back to purchase its ordinary shares up to a maximum consideration of $ 3.0b n, which is expected to commence shortly and complete by our third quarter 2025 results announcement. On 3 July 2025, HSBC Bank plc, a wholly owned subsidiary of HSBC Holdings plc, entered into a binding agreement to sell its UK life insurance entity, HSBC Life (UK) Limited, to Chesnara plc. T he transaction is expected to complete in early 2026. On 11 July 2025, HSBC Continental Europe reached an agreement to sell its fund administration business, Internationale Kapitalanlagegesellschaft mbH, to BlackFin Capital Partners S.A.S. The potential transaction is subject to customary regulatory and competition approvals as well as the conclusion of negotiations with the German works council, and is expected to complete in the second half of 2026. On 18 July 2025, HSBC Continental Europe signed a memorandum of understanding with a consortium comprising Rothesay Life plc and CCF regarding the sale of its portfolio of home and certain other loans retained after