PARIS - HSBC Holdings PLC, Europe's biggest banking company by market value, won approval from the Bank of France to buy Credit Commercial de France, which will extend its presence in the euro currency region.

HSBC agreed in April to buy CCF for $10.3 billion. CCF, France's sixth-largest bank, and the London-based banking company want to use CCF's 650 branches to sell consumer banking products and make corporate loans to small and midsize companies.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.