HSBC in talks to sell German fund administration unit to BlackFin, Bloomberg News reports

Industry:    1 month ago

HSBC Holdings is in advanced talks to sell its German fund administration business to private-equity firm BlackFin Capital Partners, Bloomberg News reported on Wednesday, citing people with knowledge of the matter.

The deal for HSBC’s Inka unit, which has about 400 billion euros ($435.16 billion) of assets under administration, could be reached as soon as the coming weeks, the report said.

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