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Bank of East Asia Ltd. and NWS Holdings Ltd. closed the sale of Tricor Holdings Ltd. to private equity firm Permira for HK$6.47 billion.
The deal closed March 31, the Hong Kong-based bank said the same day. As part of the deal, Bank of East Asia and NWS Holdings sold their 75.61% and 24.39% stakes, respectively, in the share registry business to Permira.
Bank of East Asia said it will book a profit of approximately HK$3 billion in respect of the sale.