Bidders line up for RREEF
Reports suggest that at least five bidders have formed to bid for the sale of Deutsche Bank’s asset-management arm RREEF. Macquarie, JP Morgan, State Street, Ameriprise, Aquiline Capital and Apax have all been touted by market sources as chasing the sale. Second round bids are due next week with binding offers made in mid-February. Deutsche is set to make its decision in March.
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