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HSBC in final talks to sell France unit to Cerberus -source

HSBC in final talks to sell France unit to Cerberus -source

· 03/17/2021 09:09
HSBC in final talks to sell France unit to Cerberus -source

- HSBC HSBA.L has entered into final negotiations to sell its France retail bank business to Cerberus, a source familiar with the matter said on Wednesday.

HSBC has said it is looking to dispose of the business and Reuters 0005.HK previously reported Cerberus was among two bidders remaining for the unit.

A spokeswoman for HSBC declined to comment, while Cerberus could not immediately be reached.


(Reporting by Lawrence White, editing by Louise Heavens)

((lawrence.white@thomsonreuters.com; +44 20 7513 5083; Reuters Messaging: @ReutersLawrence))