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Goldman Sachs acquired Deutsche bank assets for 51 billion dollars

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Goldman Sachs acquired Deutsche bank assets for 51 billion dollars
November 27
09:00 2019

Goldman Sachs has acquired a $ 51 billion stake in Deutsche Bank. Citing informed sources, a reputable Bloomberg agency made this information public. The publication also notes that the assets sold were simply unnecessary, so it was decided to get rid of them.

Informants said that the American bank had bought debt securities of emerging markets. They were on the balance sheet of the Deutsche Bank, the work of which was planned to be stopped in the near future.

The German bank is ceasing its activity in areas where it can’t compete with other companies. In the summer, the bank published a development strategy, where getting rid of unnecessary assets was one of the key points.

This year, Goldman Sachs has already bought the assets of the German bank. In September, they acquired part of the bank’s Asian derivatives.

 

 

The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group

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