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LGT To Sell German Wealth Unit

Liechtenstein’s LGT is seeking a buyer for its German wealth management unit.

Liechtenstein’s LGT is seeking a buyer for its German wealth management unit, Reuters reports. The German asset management arm takes care of institutional clients and will continue operations.

In April, the German bank regulator had blocked the sale of Deutsche Bank unit, BHF, to LGT. The firm is owned by Liechtenstein’s royal family and has $96.84 billion under management.

Click here for the story from Reuters.

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