Abu Dhabi Investment, Apollo Are Among Bidders for Stake in BHF, FTD Says

Deutsche Bank AG selected Abu Dhabi Investment Co., Apollo Global Management LLC, Permira Advisers LLP and LGT Group for the second round of a sale of BHF-Bank AG, Financial Times Deutschland reported, without saying where it got the information.

LGT of Liechtenstein has the best chances to win the bidding, the newspaper said. Abu Dhabi Investment, or ADIC, which has been cooperating with BHF in the fund business since 2009, is considered an unlikely buyer for political reasons, the FTD reported. The private-equity firms have only an “outsider chance” to win the bidding, FTD said.

Deutsche Bank spokesman Michael Lermer declined to comment when contacted by Bloomberg News.

To contact the reporter on this story: Aaron Kirchfeld in Frankfurt at akirchfeld@bloomberg.net

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