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Deutsche Bank sells $50 billion in assets to Goldman Sachs amid overhaul - source

Deutsche Bank sells $50 billion in assets to Goldman Sachs amid overhaul - source
FILE PHOTO: The logo of Deutsche Bank is pictured on a company's office in London, Britain July 8, 2019. REUTERS/Simon Dawson   -   Copyright  SIMON DAWSON(Reuters)
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FRANKFURT (Reuters) – Deutsche Bank has sold $50 billion (£39 billion pounds) in unwanted assets to Goldman Sachs as part of its restructuring, a person with knowledge of the matter said on Wednesday, confirming a Bloomberg report.

The assets, related to emerging market debt, were part of Deutsche’s unit to wind down unwanted securities, the person said.

A spokesman for Deutsche Bank declined to comment. Goldman Sachs could not be reached for comment.

(Reporting by Tom Sims and Patricia Uhlig; Editing by John O’Donnell and Thomas Seythal)

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