FRANKFURT/LONDON, June 21 (Reuters) – State Street (STT.N), opens new tab, BNP Paribas (BNPP.PA), opens new tab and Caceis are lining up as potential bidders for the sale of HSBC Germany’s fund administration unit INKA and custody business, three sources familiar with the matter told Reuters.
The process is due to launch in the next couple of weeks, as soon as HSBC decides with its advisers whether to sell the assets together or separately, the sources said, speaking on condition of anonymity.
Source: REUTER
