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Goldman Sachs and SocGen Submit Bids for Commerzbank Unit

  • Barclays drops bid for Equity Markets & Commodities business
  • Commerzbank plans to select a winning offer next month
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Photographer: Krisztian Bocsi/Bloomberg

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Goldman Sachs Group Inc. and Societe Generale SA have submitted final bids for the Commerzbank AG unit that houses the lender’s exchange-traded fund business, according to people familiar with the situation.

Barclays Plc, which was said to be interested in the Equity Markets & Commodities unit, has dropped out of the process, the people said, asking not to be identified discussing the private deal. Commerzbank plans to pick the winning offer next month, two people said. Bank officials declined to comment.