Deutsche Bank, Guggenheim Partners To Focus Talks On Potential RREEF Sale

Deutsche Bank's (DB) Management board, which began a strategic review of its global asset management unit on November 22, 2011, has agreed to focus its exclusive discussions with Guggenheim Partners on a potential sale of RREEF.

Both the Bank and Guggenheim Partners mutually agreed to conclude exclusive negotiations relating to a potential sale of DWS Americas, DB Advisors, and Deutsche Insurance Asset Management. Also, Deutsche Bank would keep evaluating these businesses and would maintain the stability of its investment teams to ensure that clients continue to receive the highest level of quality in investment management services.

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