HSBC Considers Sale of South African Units, Bloomberg Reports
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Dow Jones
-- HSBC Holdings is exploring selling its South African branch business and securities unit, Bloomberg reports, citing unnamed sources.
-- Lenders from the region, from China and from the United Arab Emirates are among the interest bidders, Bloomberg reports.
-- HSBC South Africa's main activities are commercial and global banking, global markets and a representative office for its private bank, according to its website.
-- HSBC didn't immediately respond to a request for comment when approached by Dow Jones Newswires.
Full story: https://tinyurl.com/47kavwc4
Write to Elena Vardon at elena.vardon@wsj.com
(END) Dow Jones Newswires
August 20, 2024 05:59 ET (09:59 GMT)
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