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Deutsche Bank aims to capture UK wealth manager

BBR Staff Writer Published 24 October 2006

Leading German private banking provider Deutsche Bank is reportedly in the midst of talks to acquire UK wealth manager Tilney Investment Management.

<p>According to the Financial Times in the UK, Deutsche Bank is in deep discussions with Tilney&#0039;s owner, private equity firm Bridgepoint, over a takeover deal worth an estimated GBP350 million.<br /><br />The parties allegedly involved have not commented on the speculation. However, if Deutsche Bank was successful in acquiring the wealth management operation, it would boost its assets under management portfolio by around GBP6.7 billion.</p>

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