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)