HSBC Australia Sale Reignites as Blackstone Eyes A$26 Billion Loan Book
Blackstone is preparing an early bid for HSBC’s A$26 billion Australian loan book, with offers due by late April, according to The Australian. Citi is handling the sale, which also includes A$16 billion in deposits. The process follows HSBC’s decision to narrow its sale plan and ongoing efforts to exit lower-return businesses. The deal’s outcome remains uncertain due to regulatory and operational hurdles.
