Finance
HSBC in Talks to Sell Fund Administration Arm to BlackFin
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HSBC Holdings Plc is in advanced talks to sell its German fund administration business to BlackFin Capital Partners, people with knowledge of the matter said.
The private equity firm is working to hammer out final terms of a deal to buy HSBC’s Inka unit, which has about €400 billion ($436 billion) of assets under administration, according to the people. It could reach a deal as soon as the coming weeks, the people said, asking not to be identified because the information is private.