(Reuters) – 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.
($1 = 0.9192 euros)
(Reporting by Shanima A in Bengaluru; Editing by Shilpi Majumdar)
