Deutsche Bank has emerged as a key bidder for RBS Sempra, the commodities business of the troubled UK bank. The deal, which could be worth about $3bn, would mark the first of the RBS asset sales ordered by the European Commission under state-aid criteria imposed on the part-nationalised bank last month. For Deutsche, the deal would cement its move into commodities. The latest round of bids came in this week, cutting the field to a handful. Other banks believed to have shown interest include BarCap, Goldman Sachs and Morgan Stanley.

This entry was posted by Gwen Robinson on Thursday, December 17th, 2009 at 5:18 and is featured in The 6am Cut London (17 Dec 2009) . Tagged with deutsche bank, RBS Sempra. Edit this entry.