Deutsche Bank AG has launched the sale of a large chunk of its global asset management business, with a price tag seen between 2 billion euros ($2.6 billion) and 3 billion, two financial sources familiar with the sale process said on Friday.Germany's biggest lender sent information on the assets up for sale to dozens of possible buyers that have signalled interest, including banks and asset managers, the sources said, adding that non-binding offers were expected in January or February.Deutsche Bank would prefer to sell all of the assets to a single buyer but is ready to consider divestments to separate buyers if that would fetch a higher price, the sources added.Deutsche Bank, whose shares were down 0.2 percent by 0816 GMT, declined to comment.
Deutsche Bank AG is a global investment bank. The Company offers a variety of investment, financial and related products and services to private individuals, corporate entities and institutional clients around the world. Shares of DB remained unchanged at $35.73. In the past year, the shares have traded as low as $28.57 and as high as $66.00. On average, 4120300 shares of DB exchange hands on a given day and today's volume is recorded at 0.
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