HSBC agrees to sell AUD 36 billion Australian home, personal loan portfolio to Blackstone funds

Reuters2026/07/31 06:01

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HSBC Holdings agreed to sell its Australian home and personal loan portfolio to Blackstone-owned Virgo BidCo.
Portfolio book value about AUD 36 billion as of March 31, 2026; consideration starts at AUD 36 billion, settled in cash at closing.
Closing targeted for the first half of 2027, subject to regulatory and competition clearances.
Transaction expected to result in an immaterial pre-tax loss of less than USD 0.1 billion by the first half of 2027.
HSBC plans to wind down the rest of its Australia retail business over 18 months; expects USD 0.3 billion restructuring costs and write-offs.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HSBC Holdings plc published the original content used to generate this news brief via RNS, the regulatory disclosure system operated by the London Stock Exchange (Ref. ID: 202607310200RNS_____UKDISCLO_20260731_6488O), on July 31, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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HSBC agrees to sell AUD 36 billion Australian home, personal loan portfolio to Blackstone funds

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