HSBC Holdings Plc’s sale of its German wealth-management unit is attracting initial interest from peers including BNP Paribas SA and UBS Group AG, people familiar with the matter said, as the London-listed lender looks to streamline its global footprint.
Julius Baer Group Ltd. is also among those studying the business, which could be valued at €300 million to €600 million ($324 million to $648 million) in a deal, the people said. HSBC is keen for a buyer with a global brand and existing operations in Germany for the wealth-management unit, which has about €26 billion in assets, one ...
