HSBC Set to Announce Sale of French Retail Unit to Cerberus (2024)

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    • Bank says a meeting with unions is scheduled on Friday

    • Cerberus has been buying banks in France and Germany

    HSBC Holdings Plc is set to announce the sale of its French retail unit to private equity firm Cerberus, putting an end to a lengthy sale process that began more than 18 months ago.

    The transaction has been agreed, and is expected to be announced in the coming days, people familiar with the matter said, asking not to be identified discussing private matters.

    HSBC Set to Announce Sale of French Retail Unit to Cerberus (2024)
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