HSBC will sell its Australian loan portfolio for $25 billion to Blackstone. This was reported by Qazaqyia.kz citing Reuters.
The deal is part of the bank's strategic restructuring. The sale is part of HSBC's plan to free up capital and focus on key markets.
Blackstone, one of the world's largest investment firms, will strengthen its position in the Australian financial market through this acquisition. The transaction is expected to be completed soon.