Deals
Deutsche Bank, UBS, RBS Said to Mull Selling Tradeweb Stakes
- Buyers have approached all European bank owners, person says
- Stake sales said to be possible first step to public offering
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Deutsche Bank AG, UBS Group AG and Royal Bank of Scotland Group Plc are considering selling their minority stakes in Tradeweb Markets LLC, a bond and derivatives trading system, according to people familiar with the matter.
Thomson Reuters Corp. owns the majority of New York-based Tradeweb, while a group of banks have the rest. Potential buyers have approached bank owners based in Europe -- a group that also includes Credit Suisse Group AG and Barclays Plc -- about selling, according to one of the people familiar with the matter, who asked not to be named because the discussions are private. Deutsche Bank, UBS and RBS are trying to decide what to do.