Deals
M&A News: HSBC, Repsol, Realdania, Hecla Mining, A. Schulman
Noteworthy expenditures of the week
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1. HSBC Holdings, Europe’s biggest bank by assets, will sell a portfolio of U.S. consumer loans to two firms for $3.2 billion, as it scales back operations to focus on more profitable markets.
2. Spain’s No. 1 oil company, Repsol, sold $1.3 billion worth of shares to Singapore’s state-owned Temasek Holdings to bolster its finances and protect its credit rating.