August 20, 2018 / 2:04 PM / 8 months ago

StandChart sells Asia real estate business to Actis -source

LONDON, Aug 20 (Reuters) - Standard Chartered has completed the sale of its principal finance real estate business in Asia to private equity firm Actis, a source with direct knowledge of the matter said on Monday.

The 20-strong StanChart team will join Actis, the source said. Reuters reported in March the two parties had reached a provisional agreement on the deal.

A spokesman for the bank confirmed the deal. (Reporting By Lawrence White, editing by David Evans)

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