Deutsche looking to cut ties to another boom-era purchasae

|About: Deutsche Bank AG (DB)|By:, SA News Editor

Deutsche Bank's (DB -0.2%) asset management unit spent about $2.3B (including debt) acquiring cargo-container facility operator Maher Terminals in 2007, and has since written down the $1.1B in equity backing the initial deal, according to sources.

Now, reports the WSJ, the bank is looking for buyers for all or part of the company, and one source expects a price tag (for the whole operation) of between $800M-$1B.

Deutsche last month unloaded another albatross, selling the Cosmopolitan of Las Vegas to Blackstone for $1.7B after sinking $4B into the property.