Deals
Deutsche Bank Agrees to Mexico Sale Ahead of Earnings Report
- Deal will close next year, subject to regulatory approvals
- Sale had been flagged last year as part of restructuring
This article is for subscribers only.
Deutsche Bank AG said it agreed to sell its Mexico units to Mexican lender InvestaBank, an exit that is part of Chief Executive Officer John Cryan’s plan to revive the struggling German lender.
The deal was announced ahead of the lender’s third-quarter earnings on Thursday, where investors will look for progress in turning around Europe’s biggest securities firm.