Close Brothers Mull Sale of Channel Island Unit, Telegraph Says

Close Brothers Group Plc is considering selling its Channel Islands business, the Sunday Telegraph reported.

Close Brothers has hired Deloitte & Touche LLP to advise on the sale of its private banking, fund management and fund administration units in Guernsey and Jersey, the newspaper said.

To contact the reporter on this story: Thomas Biesheuvel in London tbiesheuvel@bloomberg.net.

To contact the editor responsible for this story: Simon Casey at scasey4@bloomberg.net.

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