Investec might be planning to sell Kensington

Investec, a leading lender and asset manager from South Africa, has said that it is planning to sell its UK-based mortgage business Kensington.

The company is aiming to sell its underperforming assets and boost share values.Investec had earlier said that it is planning to sell some of its operations in Australia. The company said that it has already received expression of interest for the UK unit but did not announce the name of the company.