Hongkong and Shanghai Banking Corp. Ltd., or HSBC, a wholly-owned subsidiary of HSBC Holdings Plc (HBC: Quote,HSBA.L), confirmed that it is in talks concerning a possible sale of its Retail Banking and Wealth Management business in Mauritius.
The company stated that the discussions are ongoing and may or may not lead to a transaction. HSBC will make a further announcement if or when appropriate.
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by RTT Staff Writer
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