Deutsche Bank and LGT Group agree on key points of the sale of BHF-Bank
Deutsche Bank and LGT Group have agreed on important aspects of the sale of BHF-Bank to LGT Group.
The two parties have agreed to conduct exclusive negotiations, effective immediately, concerning the sale of BHF-Bank.
The negotiations to finalize the contractual details should be completed during the first quarter of 2011.
The two companies have also agreed to maintain confidentiality until then.
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Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With more than 80,000 employees in 73 countries, Deutsche Bank offers a comprehensive range of services around the world. The bank competes to be the leading global provider of financial solutions for demanding clients, creating exceptional value for its shareholders and people.
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