Bloomberg News

Deutsche Bank to Renew Efforts to Sell BHF-Bank, FTD Reports

February 22, 2012

Feb. 22 (Bloomberg) -- Deutsche Bank AG will renew efforts to sell its BHF-Bank AG unit to investor RHJ International this month, Financial Times Deutschland reported, without saying where it obtained the information.

Frankfurt-based Deutsche Bank will support RHJ as it submits a preliminary request to financial regulator Bafin, FTD reported. RHJ will present itself as a co-bidder alongside BlackRock Inc., the newspaper said. Should Bafin approve the request, the transaction could be completed in the next few weeks, FTD said.

To contact the editor responsible for this story: Patrick Donahue at pdonahue1@bloomberg.net


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