Deals
Deutsche Bank, UBS Asset Units in 'Serious' Merger Talks: FT
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The asset-management units of Deutsche Bank AG and UBS Group AG are in “serious” talks to merge, the Financial Times reported Tuesday, citing people familiar with the matter it didn’t identify.
Discussions about a deal have been ongoing for “a couple of months” and one structure being considered is for UBS to split off its asset-management unit and fold it into Deutsche Bank’s DWS Group in exchange for shares in the larger group, according to the report. Deutsche Bank would remain the largest shareholder, the report said.