PHOTO
DUBAI, Dec 1 (Reuters) - HSBC
HSBA.L
, through itssubsidiary HSBC Holdings B.V., has purchased shares in SaudiBritish Bank
1060.SE
which will increase its shareholding inthe Saudi lender to 31% from 29.2%, the bank said on Tuesday.
It said the stake increase followed the participation in anaccelerated book build process launched on Nov. 30 by NatWestMarkets and Banco Santander.
(Reporting by Davide Barbuscia, editing by Louise Heavens) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; ReutersMessaging: davide.barbuscia.reuters.com@reuters.net))