FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Switzerland October 25, 2018. REUTERS/Arnd Wiegmann
- The asset management arms of Deutsche Bank AG and Swiss bank UBS Group AG are in “serious” merger talks, the Financial Times reported on Tuesday, citing people familiar with the discussions. The talks have been going on for two months, the newspaper reported, adding that if the deal were to materialize, the combined business would have just over 1.4 trillion euros of assets under management.
A structure under consideration is for UBS to hive off its asset management business and fold it into DWS, which is mostly owned by Deutsche Bank, the newspaper said. Earlier this month, Bloomberg reported that UBS was evaluating options for its asset management business, including a partial sale or merger of the business.Reporting by Kanishka Singh in Bengaluru; Tom Sims in Frankfurt and Brenna Hughes Neghaiwi in Zurich. Editing by Jane Merriman
So with a potential bidding war for DWS - what will Deutsche Bank do with the cash ? Buy back 40% of their own shares ?
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
The world’s largest wealth manager just made a significant change to its $2 trillion portfolio — and it’s a wake-up call to anyone invested in US stocksUBS remains bullish on US stocks, but has a cautionary message for investors concerning the coming months.
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