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HSBC to Sell Australian Mortgage and Personal Loan Portfolio to Blackstone

Bloomberg +1 ·

BX Blackstone Inc
$128.07 -1.03%
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  1. 1HSBC Australia has agreed to sell its Australian mortgage and personal loan portfolio to Blackstone (BX).
  2. 2The portfolio, with a book value of roughly A$36 billion (US$25 billion), is expected to close in the first half of 2027 pending regulatory approval.
  3. 3The remaining Australian retail operations will be wound down in phases over 18 months as part of a group simplification effort, the bank announced.

This 3-line summary is compiled from the report below.

Bloomberg +1 View original ↗
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