BlackRock, George Soros and big sovereign wealth funds are among investors expressing interest in buying stakes in the initial public offering of Deutsche Bank’s asset management arm, a person familiar with the matter said on Tuesday.
Deutsche Bank is finalizing plans for the IPO of the asset management business, known as DWS, that have been a year in the making. Deutsche is expected to sell 25 percent of existing DWS shares for 1.5-2 billion euros ($1.9-$2.5 billion), people close to the matter have said.
DWS is seeking anchor investors, the person said, while it also wants to ensure the liquidity for the free floating shares.
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