HSBC 2011 Annual Report Download - page 415
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413
Overview Operating & Financial Review Corporate Governance Financial Statements Shareholder Information
46 Events after the balance sheet date
On 24 January 2012, we announced an agreement to sell our banking operations in Costa Rica, El Salvador and
Honduras to Banco Davivienda S.A. (‘Davivienda’), a Colombian-listed banking group, for a total consideration of
US$801m in cash. The transaction is subject to regulatory and other approvals and is expected to complete in the
fourth quarter of 2012. The assets and associated liabilities of these operations were classified as held for sale at
31 December 2011 (see Note 27).
A fourth interim dividend for 2011 of US$0.14 per ordinary share (a distribution of approximately US$2,515m) was
declared by the Directors after 31 December 2011.
These accounts were approved by the Board of Directors on 27 February 2012 and authorised for issue.