MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, August 22, 2005 Mellon Eyes Stake in German Asset Manager Mellon Financial is in "late-stage" talks to acquire a substantial stake in a German asset management firm, reports the Financial Times. Mellon could acquire up to 50 percent of WestAM, the asset management arm of German bank WestLB. WestAM manages approximately $81 billion in assets, according to the Times. The deal would give Mellon access to WestLB's distribution channel, while adding mass to WestAM's operations. The Times reports that a letter of agreement on the deal is expected by mid-September. Printed from: MFWire.com/story.asp?s=10300 Copyright 2005, InvestmentWires, Inc. All Rights Reserved |