July 5 (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 that could be valued at 300 million

euros to 600 million euros ($324.4 million-$648.7 million) in a

deal, the report said.

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 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, emerging 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.

"We are reviewing our strategic options with respect to our

private banking business in Germany. But no decision has been

made yet," an HSBC ( HSBC ) spokesperson said in an emailed response to

Reuters.

($1 = 0.9249 euros)