HSBC eyes bumper dividend from $10 bln sale of Canada business to RBC
Source: Reuters
Deal comes amid pressure from Chinese shareholderAnalysts hail 'sensible' transactionBank could return deal proceeds to shareholdersLONDON, Nov 29 (Reuters) - HSBC (HSBA.L) has agreed to sell its business in Canada to Royal Bank of Canada (RY.TO) for $13.5 billion Canadian dollars ($10.04 billion) in cash, paving the way for a potential bumper payout for shareholders later down the line.HSBC, which once billed…
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