Macquarie Group To Compete For Deutsche Bank Asset-Management Unit: Sources -Bloomberg News
January 31 2012 - 10:03PM
Dow Jones News
Australian bank Macquarie Group Ltd. (MQG.AU) is competing to
buy Deutsche Bank AG's (DB) asset management divisions, Bloomberg
News reported Wednesday on its website, citing two unnamed
sources.
The deadline for second-round offers is next week, and Deutsche
Bank is aiming to reach an agreement by mid-March, the report
quoted the sources as saying.
It was earlier reported in January that other bidders include
State Street Corp. (STT), JPMorgan Chase & Co. (JPM) and
Ameriprise Financial Inc. (AMP), and the German bank is hoping to
fetch about EUR2 billion ($2.6 billion) for the business.
A Macquarie spokeswoman and a spokesman from Deutsche Bank both
declined comment, the report said.
Full Story:
http://www.bloomberg.com/news/2012-01-31/macquarie-group-is-said-to-compete-for-deutsche-bank-asset-management-unit.html
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