StanChart said urged by Blackstone to buy back SG food company Phoon Huat & Co

StanChart said urged by Blackstone to buy back SG food company Phoon Huat & Co

Photo: Reuters

Standard Chartered Plc (StanChart) the lender trying to wind down its private-equity unit, faces pressure from two of the world’s biggest asset managers to buy back the stake in a Singaporean food company it sold them less than a year ago, people familiar with the matter said.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter