LONDON (Alliance News) - HSBC Holdings PLC has appointed Goldman Sachs as it looks to auction off most of its operations in Brazil, Sky News reported on Thursday.
The Sky report, which cited insiders, said there is a separate move to sell off the group's Turkish business.
According to Sky, insiders have said that Goldman Sachs has already begun to contact possible buyers of the Brazilian assets, whereas HSBC's own investment bank is conducting the sale of the Turkish business.
HSBC declined to comment to Alliance News.
Shares in the group were down 0.1% at 645.20 pence on Thursday.
http://news.sky.com/story/1475180/hsbc-hires-goldman-to-find-brazil-unit-buyer
By Samuel Agini; samagini@alliancenews.com; @samuelagini
Copyright 2015 Alliance News Limited. All Rights Reserved.
HSBC Holdings (HSBA)