(Bloomberg) — HSBC Holdings Plc has agreed to sell its retail and business banking units in Mauritius to Absa Group Ltd., the ... liabilities tied to about 38,000 customers, according to a statement.

We are committed to working closely with HSBC to secure all necessary approvals and ensure a seamless transition,” said Absa Bank Mauritius MD Ravin Dajee. The transaction was subject to ...

The transaction includes assets and liabilities tied to about 38,000 customers, according to a statement ... bank in Mauritius,” said Mr Greg Lowden, chief executive officer of HSBC in Mauritius.

In an open market transaction on Monday, HSBC Bank Mauritius sold 13.91 lakh shares of the retail firm V-Mart Retail for Rs392 crore. HSBC Bank Mauritius Limited AC Jwalamukhi Investment Holdings ...

HSBC has hit back at accusations from its ... business model upon which HSBC’s strategy is based,” the bank said in a statement on Wednesday afternoon. “This would result in a material ...