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.