Standard Chartered said close to selling $600m worth of private equity investments

Standard Chartered Shanghai Towers

Standard Chartered, the lender that generates most of its earnings in Asia, is close to selling private-equity investments valued at about $600m, said three people with knowledge of the talks.

Bloomberg News reports that the bank has an agreement with an investor to sell a bundle of stakes its principal investments unit had taken in companies across Africa, Asia and the Middle East, said one of the people, who asked not to be identified because the talks are private and declined to disclose the buyer’s identity.

This is the second such transaction by Standard Chartered, which sold a $500m portfolio to a group of investors led by Coller Capital Ltd. last year, two of the people said.

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Standard Chartered Said to Near $600 Million Private-Equity Sale

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