HSBC is leading the potential €776m ($936m) sale of shares in BorsodChem, the Hungarian chemical company, in one of the country's largest ever equity offerings.

VCP Capital Partners Unternehmensberatungs, an Austrian investment company, owns 91.2% of BorsodChem, which is worth €776m based on the chemical company's market capitalisation of Hungarian Forint 211 billion (€853m). HSBC is global co-ordinator and bookrunner of the international offering which is due before the end of this year.