LONDON - HSBC Holdings Plc is weighing a sale of its South African businesses as the lender focuses on Asian markets, according to people with knowledge of the matter.
The South African branch business and securities unit have drawn interest from bidders that include banks from the region as well as China and the United Arab Emirates, said the people, who asked not to be identified discussing information that isn’t public.
The details of any potential deals have yet to be finalized and there is no guarantee that any transactions will go ahead, the people said.
