StanChart sells Asia real estate business to Actis: source

LONDON (Reuters) - Standard Chartered has completed the sale of its principal finance real estate business in Asia to private equity firm Actis, a source with direct knowledge of the matter said on Monday.

The 20-strong StanChart team will join Actis, the source said. Reuters reported in March the two parties had reached a provisional agreement on the deal.

A spokesman for the bank confirmed the deal.

(Reporting By Lawrence White, editing by David Evans)