Deutsche Bank AG’s non-core asset management businesses may be worth €1 billion ($1.3 billion) to €2 billion in a sale, Morgan Stanley analysts said in a note to investors Friday.
A sale would make “strategic sense” and boost capital levels by 10 to 40 basis points, analysts Hubert Lam and Huw Van Steenis said. Still, Deutsche Bank’s new co-CEOs “may wish to accelerate to a higher capital level through stronger deleveraging, asset sales or capital raise,” the Morgan Stanley analysts wrote.
The German lender last month said it is considering all strategic options for its Deutsche Asset Management division.
