HSBC Holdings Acquisition of Credit Commercial de France (CCF) Analytical Essay by Research Group

HSBC Holdings Acquisition of Credit Commercial de France (CCF)
An analysis of the proposed HSBC Holdings acquisition of Credit Commercial de France (CCF).
# 25684 | 1,820 words | 11 sources | MLA | 2002 | US

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In early-April 2000, HSBC Holdings PLC agreed to acquire a majority holding in Credit Commercial de France (CCF). The proposed merger of the two banking firms is analyzed in this paper. The analysis focuses on strategic choices made by HSBC in developing its acquisition strategy, motivations by both firms for the merger, a SWOT (strengths, weaknesses, opportunities, threats) analysis of the proposed merger, analysis of the proposed merger within the context of Porter's Five-Forces Model of Competitiveness and challenges that will be faced by HSBC in relation to differences in corporate cultures should the merger be completed.

From the Paper:

"A major motivation for HSBC to acquire CCF was to dilute the company's risk exposure in the Asian market (considered by HSBC management to be highly volatile) by increasing the company's presence in the European banking industry ("S&P Affirms HSBC Holdings Plc," 2000).
CCF, a successful but medium-sized company, has been a takeover target for larger financial institutions in Europe for more than a year. The suitors and their proposals, however, were not attractive to CCF management. Realizing that acquisition was probable sooner rather than later, CCF management was amenable to an acquisition proposal that addressed their own needs and those of CCF shareholders. The HSBC offer, which came as a surprise, met each of these requirements and has been recommended to CCF shareholders by the CCF board ("HSBC "a Major Player in Europe,"" 2000). Job losses at CCF, as an example, are expected to be minimal in an HSBC-CCF merger."

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