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HSBC near insurance sales with AXA, QBE -report
2012年2月29日 / 下午3点27分 / 6 年前

HSBC near insurance sales with AXA, QBE -report

* HSBC, AXA, QBE decline to comment on report

* AXA, QBE to buy HSBC general insurance operations - Sky

LONDON, Feb 29 (Reuters) - British bank HSBC is close to a $1 billion sale of its general insurance operations to AXA and QBE, Sky News reported on Wednesday.

The report, which cited people close to the situation, said HSBC’s general insurance business in Asia outside Hong Kong would be sold to French insurer AXA. It added that the deal could be announced early next week.

AXA would also get the Mexican business, while Australia’s QBE would buy HSBC’s Hang Seng insurance operation in Hong Kong and take over its presence in Argentina.

An HSBC spokesman in London declined to comment on the report, while AXA and a London-based official for QBE also declined to comment.

People familiar with the matter had told Reuters earlier this month that AXA and U.S. insurer ACE were in the hunt to buy HSBC’s general insurance arm.

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