Absa Group to acquire retail and SME banking business in Mauritius from HSBC.

Absa Group, a South African financial services provider, agreed to acquire retail and SME banking business in Mauritius from HSBC, a banking and financial services organization that offers a comprehensive range of services. Financial terms were not disclosed. "Our decision to sell these operations reflects our desire to focus on our strengths as a leading international bank in Matritius. Absa Mauritius is a worthy home for the many domestic retail and business banking customers we have served for many years. We will continue to serve the needs of our international customers, connecting them to our world-leading capabilities and international network," Greg Lowden, HSBC Mauritius CEO.