Friday 21 September 2018
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1 months ago

Exclusive: Standard Chartered sells principal finance business to Actis and ICG

LONDON - Standard Chartered STAN.L is in talks to sell its private equity business to Intermediate Capital Group ICP.L (ICG), a source with direct knowledge of the deal said on Monday, as part of a broader disposal of its principal finance investment business. StanChart has separately completed the sale of the other half of its principal finance unit, comprising its real estate investment business in Asia, to private equity firm Actis, the bank said on Monday. The UK-based

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