Skip to content
Subscriber Only

Deutsche Bank Ends Some Asset-Sale Talks With Guggenheim

Deutsche Bank AG ended talks with Guggenheim Partners over three of four asset-management units the German bank sought to sell.

Deutsche Bank and Guggenheim, a U.S.-based investor that manages $125 billion, agreed to end discussions on a potential sale of DWS Americas, DB Advisors and Deutsche Insurance Asset Management and focus talks on RREEF, a division that invests in real estate and infrastructure, the Frankfurt-based lender said today in a statement. Deutsche Bank will continue to evaluate the other three businesses, according to the statement.