StanChart to kick off sale process for loss-making PE unit

StanChart to kick off sale process for loss-making PE unit

The Standard Chartered Wealth Management Centre stands in Hong Kong, China, on Monday, Feb. 13, 2017. Photographer: Anthony Kwan/Bloomberg

Standard Chartered Plc, the U.K. bank with operations across Asia and Africa, is kicking off a sale process for its loss-making private equity unit, according to people with knowledge of the matter.

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