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HSBC in talks to sell German fund administration unit to BlackFin, Bloomberg News reports - Finance news and analysis from Global Banking & Finance Review
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HSBC in talks to sell German fund administration unit to BlackFin, Bloomberg News reports

Published by Global Banking & Finance Review

Posted on March 19, 2025

1 min read

· Last updated: March 19, 2025

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HSBC Close to Selling German Fund Unit to BlackFin Capital

(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)

Key Takeaways

  • HSBC is in advanced talks with BlackFin Capital to sell its German fund administration unit.
  • The Inka unit manages approximately €400 billion in assets.
  • The deal could be finalized in the coming weeks.
  • The sale is part of HSBC's strategic restructuring.
  • BlackFin Capital is a private-equity firm.

Frequently Asked Questions

What is the main topic?
The main topic is HSBC's potential sale of its German fund administration unit to BlackFin Capital.
Who is buying the HSBC unit?
BlackFin Capital, a private-equity firm, is in talks to purchase the unit.
How much in assets does the Inka unit manage?
The Inka unit manages approximately €400 billion in assets.

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