LONDON - Lion Finance Group PLC (LSE:BGEO) confirmed Thursday it is participating in a process regarding the potential acquisition of HSBC Continental Europe’s stake in HSBC Malta operations.

The FTSE 250 holding company issued the statement following recent press speculation about its bid for the Malta-based operations. Lion Finance emphasized that "there can be no certainty that any agreement will be reached" regarding the possible acquisition.

The company said it would provide further updates to the market as the situation develops.

Lion Finance Group primarily operates through its main subsidiaries in Georgia and Armenia, where it provides banking and financial services through Bank of Georgia and Ameriabank, respectively.

The potential acquisition could represent a significant expansion of Lion Finance’s operations beyond its current markets in Georgia and Armenia, though the company did not disclose any financial details or timeline for the potential transaction in its statement.

The confirmation came via a regulatory news service announcement to the  London Stock Exchange  (LON:LSEG), where Lion Finance Group is listed as part of the FTSE 250 index.

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