Deals
Macquarie Said to Vie for Deutsche Bank Asset Divisions
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Macquarie Group Ltd., Australia’s biggest investment bank, is vying with at least three companies to buy asset-management divisions from Deutsche Bank AG, said two people with knowledge of the matter.
The deadline for second-round offers is next week, and the German lender plans to reach an agreement by mid-March, said the people, who declined to be identified as talks are private. Other bidders include JPMorgan Chase & Co., State Street Corp. and Ameriprise Financial Inc., people with knowledge of the matter said last month.