July 4 (Reuters) - HSBC ( HSBC ) is attracting initial

interest from peers including BNP Paribas SA and UBS

Group AG, for the sale of its German wealth-management

unit, Bloomberg News reported on Thursday citing people familiar

with the matter.

Julius Baer is also among potential bidders for the

wealth-management business which could be valued at 300 million

euros to 600 million euros ($324.36 million to $648.72 million)

in a deal, the report added.

In a separate

report

by German newspaper Boersenzeitung, Dutch Bank ABN Amro

was also said to be nearing a deal for HSBC's ( HSBC ) German

wealth management unit, formerly known as Trinkaus & Burkhardt.

The Bloomberg report also added that HSBC ( HSBC ) is working with

Bank of America Corp. ( BAC ) on the potential divestment of

Inka, its German fund administration business.

Reuters had

reported

in June that the bidding process for INKA was due to launch

in couple of weeks with other fund administrators including

Universal Investment, owned by private equity firm Montagu, as

potential bidders.

INKA is one of the biggest fund administrators in the

industry with around 400 billion euros of assets under

administration at the end of 2023.

($1 = 0.9249 euros)