HSBC reportedly ready to agree sale of Turkish unit to ING for around $750m

(ShareCast News) - HSBC is set to agree to sell its Turkish business to ING Group for around $700m-$750m in the next few days, according to reports.Reuters, which cited people familiar with the matter, said ING, which already has a presence in Turkey, was one of three banks to submit a non-binding bid in May. The others were Bahrain's Arab Banking Corp and France's BNP Paribas.The move is part of the HSBC's strategic overhaul which also includes the sale of its Brazilian business.At 13:16, HSBC shares were down 1.9% at 575.40p.