StanChart said to be in talks to sell beleaguered PE business to ICG

StanChart said to be in talks to sell beleaguered PE business to ICG

Photographer: Anthony Kwan/Bloomberg

The managers of Standard Chartered Plc’s private-equity unit have secured backing for a multibillion-dollar spinoff from Intermediate Capital Group Plc as the British-based bank exits that business, according to people with knowledge of the matter.

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