Deutsche Bank Said to Choose Guggenheim for Asset Units

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Deutsche Bank AG said it is holding exclusive talks to sell its asset-management divisions to the U.S. money manager Guggenheim Partners LLC.

The sale negotiations apply to the four businesses that the Frankfurt-based bank put under review, including DWS mutual funds in the Americas, the advisory units for institutional investors and insurance firms, and its RREEF real-estate and infrastructure division, the firm said in a Business Wire statement today.