May
13
Standard Chartered Said to Mull Sale of Private-Equity Assets
ByStandard Chartered Plc, scaling back after two years of lower profit amid slower growth in Asia, is looking to sell part of its remaining private-equity investments, said three people with knowledge of the matter.
The U.K. bank is working with an adviser to sell the holdings, which include stakes in companies throughout Asia, the Middle East and North Africa, said the people, who asked not to be identified because the information is private. A sale could value the investments at about $1.5 billion, two people said…
Standard Chartered Said to Mull Sale of Private-Equity Assets
