M&A Deal Summary

SB JSC HSBC Acquires JSC SB RBS

On June 17, 2010, SB JSC HSBC acquired financial services company JSC SB RBS from NatWest Group for 52M USD

Acquisition Highlights
  • This is SB JSC HSBC’s 1st transaction in the Financial Services sector.
  • This is SB JSC HSBC’s largest (disclosed) transaction.
  • This is SB JSC HSBC’s 1st transaction in Kazakhstan.

M&A Deal Summary
Date 2010-06-17
Target JSC SB RBS
Sector Financial Services
Buyer(s) SB JSC HSBC
Sellers(s) NatWest Group
Deal Type Divestiture
Deal Value 52M USD

Target

JSC SB RBS

Almaty, Kazakhstan
JSC SB RBS (Kazakhstan), provides wholesale and retail banking products and services in Kazakhstan and internationally.

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Buyer(S) 1

Buyer

SB JSC HSBC

Almaty, Kazakhstan
Category Company
Founded 1998
Sector Financial Services
DESCRIPTION

SB JSC HSBC provides a range of retail and wholesale banking services for personal, corporate, and institutional customers in Kazakhstan.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Kazakhstan) 1 of 1
Year (2010) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

NatWest Group

Edinburgh, United Kingdom
Category Company
Founded 1727
Sector Financial Services
Employees61,857
Revenue 14.8B GBP (2023)
DESCRIPTION

NatWest Group provides support to customers to manage their finances and do business. NatWest Group was founded in 1727 and is based in Edinburgh, the United Kingdom.

DEAL STATS #
Overall 9 of 18
Sector (Financial Services) 5 of 11
Type (Divestiture) 7 of 15
Country (Kazakhstan) 1 of 1
Year (2010) 2 of 6
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-29 RBS Factoring

Frankfurt, Germany

RBS Factoring GmbH, is a provider of factoring services which includes providing loans secured against company invoices.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-04 The Royal Bank of Scotland - 318 Branches

United Kingdom

The sale comprises, 311 Royal Bank of Scotland branded branches in England and Wales,7 NatWest branded branches in Scotland, the retail and SME customer accounts attached to these branches, the Direct SME business and certain mid-corporate businesses.

Sell £350M
Mergr

Product

Company

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