APS Bank Exits HSBC Malta Bid
Deal News | Apr 17, 2025 | EIN
APS Bank has officially withdrawn its bid to acquire a majority stake in HSBC Malta, attributing its decision to undisclosed confidential information discovered outside of its due diligence process. The bank had shown intent to acquire a 70% stake in HSBC Bank Malta but, after consultation with both local and international advisers, concluded it was not in the best interest of its stakeholders to proceed. Despite the withdrawal, APS Bank emphasized its ongoing commitment to growth and future strategic opportunities. Key stakeholders such as AROM Holdings Ltd and the Diocese of Gozo, along with advisors including Alvarez & Marsal and Ganado Advocates, supported the decision. The bank remains committed to maintaining high standards of governance and financial discipline.
Sectors
- Banking and Financial Services
- Mergers and Acquisitions
Geography
- Malta – The article focuses on the potential acquisition of HSBC Bank Malta and the activities of APS Bank.
Industry
- Banking and Financial Services – The article involves banks and their strategic acquisitions, highlighting the banking sector's growth strategies.
- Mergers and Acquisitions – The article discusses the acquisition attempt of HSBC Malta by APS Bank, a core aspect of corporate M&A activities.
Financials
- 70% – This was the stake in HSBC Bank Malta that APS Bank was bidding to acquire.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| APS Bank | Bidding Company | Company | APS Bank was in the process of bidding for a majority stake in HSBC Bank Malta but has since withdrawn its offer. |
| HSBC Bank Malta | Target Company | Company | HSBC Bank Malta was the target of a potential acquisition by APS Bank. |
| HSBC Holdings | Selling Company | Company | HSBC Holdings currently holds a 70% stake in HSBC Bank Malta, which it was seeking to sell. |
| AROM Holdings Ltd | Key Shareholder | Company | Key shareholder of APS Bank involved in supporting the acquisition process. |
| Diocese of Gozo | Key Shareholder | Charity | A significant shareholder in APS Bank providing support in the acquisition process. |
| Alvarez & Marsal | Adviser | Company | Provided advisory services to APS Bank during the acquisition process. |
| Ganado Advocates | Adviser | Company | Offered legal advisory services to APS Bank in relation to the acquisition bid. |
| Rizzo Farrugia & Co (Stockbrokers) Ltd | Adviser | Company | Provided brokerage and financial advisory services to APS Bank in the acquisition process. |
| Allen & Overy Shearman Sterling | Adviser | Company | Offered legal advisory services to APS Bank regarding the acquisition bid. |