HSBC Bank plc agreed to acquire remaining 0.67% stake in HSBC Trinkaus & Burkhardt AG (DB:TUB) from minority shareholders for €15.5 million in a squeeze out transaction on October 8, 2020. Under the terms, HSBC Bank will pay €67.93 for each shares of HSBC Trinkaus & Burkhardt. The court appointed expert auditor confirmed the adequacy of the cash compensation determined. The transfer of the minority shareholders’ shares will take effect subject to the approving resolution being passed. HSBC Bank plc completed the acquisition of remaining 0.67% stake in HSBC Trinkaus & Burkhardt AG (DB:TUB) from minority shareholders on January 26, 2021.