Deutsche Bank and Postal Savings Bank of China End JV Talks, Reuters Says, Citing Sources

Dow Jones

01-28

-- Talks over a joint venture in China between Deutsche Bank, its asset manager DWS and Postal Savings Bank of China have ended over disagreements over the control of the entity, Reuters reports, citing unnamed sources.

-- The latest plan was for Deutsche Bank and PSBC to own 47.5% of the joint venture each, with the remaining 5% owned by U.S. investment firm Ares Management, though China's authorities wanted the German lender to take a majority stake, Reuters reports.

-- Deutsche Bank and Ares declined to comment to Reuters. PSBC did not respond to a request for comment.

Full story: https://tinyurl.com/33up66zx

Write to Elena Vardon at elena.vardon@wsj.com

(END) Dow Jones Newswires

January 28, 2025 09:27 ET (14:27 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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PSBC did not respond to a request for comment. \n</p>\n<pre>\n \n</pre>\n<p>\n  Full story: https://tinyurl.com/33up66zx \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Elena Vardon at elena.vardon@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 28, 2025 09:27 ET (14:27 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones & Company, Inc.\n</p>\n</font></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta content=\"text/html; charset=utf-8\" http-equiv=\"Content-Type\"/>\n<meta content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\" name=\"viewport\"/>\n<meta content=\"telephone=no,email=no,address=no\" name=\"format-detection\"/>\n<title>Deutsche Bank and Postal Savings Bank of China End JV Talks, Reuters Says, Citing Sources</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDeutsche Bank and Postal Savings Bank of China End JV Talks, Reuters Says, Citing Sources\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\">\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2025-01-28 22:27</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  -- Talks over a joint venture in China between Deutsche Bank, its asset manager <a href=\"https://laohu8.com/S/DWS.AU\">DWS</a> and Postal Savings Bank of China have ended over disagreements over the control of the entity, Reuters reports, citing unnamed sources. \n</p>\n<p>\n  -- The latest plan was for Deutsche Bank and PSBC to own 47.5% of the joint venture each, with the remaining 5% owned by U.S. investment firm Ares Management, though China's authorities wanted the German lender to take a majority stake, Reuters reports. \n</p>\n<p>\n  -- Deutsche Bank and Ares declined to comment to Reuters. PSBC did not respond to a request for comment. \n</p>\n<pre>\n \n</pre>\n<p>\n  Full story: https://tinyurl.com/33up66zx \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Elena Vardon at elena.vardon@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 28, 2025 09:27 ET (14:27 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones & Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1813983027.USD","symbol_name":"MANULIFE GF DRAGON GROWTH \"AA\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2506511820","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2506511820","pubTimestamp":1738074420,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"-- Talks over a joint venture in China between Deutsche Bank, its asset manager DWS and Postal Savings Bank of China have ended over disagreements over the control of the entity, Reuters reports, citing unnamed sources.-- The latest plan was for Deutsche Bank and PSBC to own 47.5% of the joint venture each, with the remaining 5% owned by U.S. investment firm Ares Management, though China's authorities wanted the German lender to take a majority stake, Reuters reports.-- Deutsche Bank and Ares declined to comment to Reuters. 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PSBC did not respond to a request for comment. \n\n\n \n\n\n  Full story: https://tinyurl.com/33up66zx \n\n\n \n\n\n  Write to Elena Vardon at elena.vardon@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 28, 2025 09:27 ET (14:27 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}