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Deutsche Bank Said to Mull Sale of Abbey Life Insurance Unit

  • Capital rules could make Abbey Life costlier for bank to own
  • Unit could fetch as much as 3 billion pounds, person says
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Deutsche Bank AG, Germany’s largest bank, is considering the sale of a unit that helps pension funds protect themselves against the risk of their members living longer than expected, according to people familiar with the discussions.

No decision has been taken on the potential sale of the Abbey Life unit, said the people, who spoke on condition of anonymity because the matter is private. The Bournemouth, U.K.-based business may fetch as much as 3 billion pounds ($4.6 billion), one person said.