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Tuesday , August 22 2017
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Deutsche Bank to sell Arrowgrass stake to Foundation

Deutsche Bank to sell Arrowgrass stake to Foundation

FRANKFURT: In London hedge fund of Deutsche Bank is negotiating the sale of stake in Arrowgrass Capital Partners to private equity firm Foundation Capital Partners.

Further the Deutsche Bank’s 17.5 percent stake in Arrowgrass would be included in that sale. Deutsche Bank was not immediately available for comment.

And the Foundation would pay between $100 million and $200 million for at least a 20 percent stake in Arrowgrass.