financetom
Forex World Market Business Cryptocurrency Commodities MAP
financetom
Business
financetom
/
Business
/
HSBC Agrees to Sell its German INKA Fund Administration Unit to BlackFin Capital Partners
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
HSBC Agrees to Sell its German INKA Fund Administration Unit to BlackFin Capital Partners
Jul 11, 2025 6:14 AM

08:39 AM EDT, 07/11/2025 (MT Newswires) -- HSBC Continental (HSBC) said Friday it has reached an agreement to sell its German fund administration business Internationale Kapitalanlagegesellschaft mbH, known as INKA, to a fund managed by BlackFin Capital Partners.

INKA, a unit of HSBC Germany, managed about 430 billion euros ($503 billion) in assets as of December 2024, HSBC ( HSBC ) said.

Under terms of the transaction, all staff would remain employed by INKA at completion, when the company would transfer to BlackFin. The transaction is expected to close in H2 of 2026, pending regulatory and antitrust approvals and talks with the Works Council, HSBC ( HSBC ) added.

Shares of HSBC ( HSBC ) were down nearly 2% in recent Friday premarket activity.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Market Chatter: Walt Disney Plans Continuous Genre-Specific Channels on Streaming Service
Market Chatter: Walt Disney Plans Continuous Genre-Specific Channels on Streaming Service
Apr 15, 2024
02:33 PM EDT, 04/15/2024 (MT Newswires) -- Walt Disney ( DIS ) is planning to create a series of channels showing continuous scheduled streams of shows within Disney+ streaming service, Information reported Monday, citing people involved in the planning. The channels will focus on programming in specific genres such as either Star Wars or Marvel-branded shows, according to the report....
 U.S. extends license protecting Citgo from creditors through mid-August
U.S. extends license protecting Citgo from creditors through mid-August
Apr 15, 2024
WASHINGTON, April 15 (Reuters) - The U.S. Treasury Department extended through mid-August a license protecting Venezuela-owned oil refiner Citgo Petroleum from creditors seeking to enforce judgments from past expropriations and debt defaults, according to a Monday post on the department's website. The Treasury's general license 5-O bans transactions related to Venezuelan state oil company PDVSA's 2020 bonds in the coming...
 Top Midday Gainers
Top Midday Gainers
Apr 15, 2024
02:20 PM EDT, 04/15/2024 (MT Newswires) -- Encore Wire ( WIRE ) shares rose nearly 11% Monday after the electrical equipment company agreed to be acquired by Italian rival Prysmian for $290 per share in cash. Volume surged more than 2 million shares against average daily volume of 177,208. Centene ( CNC ) added more than 3%. It was one...
 Entrepreneur Naval Ravikant launches voice-centric social media app AirChat
Entrepreneur Naval Ravikant launches voice-centric social media app AirChat
Apr 15, 2024
April 15 (Reuters) - Venture capitalist Naval Ravikant has rolled out a social media app centered around communicating through voice notes, looking to challenge the dominance of text-based platforms such as Elon Musk-owned X and Meta Platforms' ( META ) Threads. AirChat has seen thousands of downloads across iOS and Android since its Friday launch and sparked a surge of...
About
Terms and Conditions Privacy policy Cookie Settings Contact Us
Services
Login register
financetom Market Personal Finance Business Economy Cryptocurrency MAP
Links
zpostcode Recruit weather mreligion Yellowpages sport constellation shopping name game directory literature Word tour furnish Lottery tftnews lyrics News digital car dir Edu Finance
Copyright 2023-2026 - www.financetom.com All Rights Reserved