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Deutsche looking to cut ties to another boom-era purchasae

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.

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Comments (1)
  • Uri.levy9
    , contributor
    Comments (7) | Send Message
    How many more similar successes are hidden in DB financials? Does this going to end some time soon?
    27 Jun 2014, 11:20 AM Reply Like
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