Bidders circle Deutsche assets

Private equity house Advent International has emerged as a bidder for parts of the asset management arm of Deutsche Bank. Blackrock is also believed to be among the firms which lodged “indicative” bids last week. All groups declined to comment. A sale is expected to raise between €1bn (£829m) and €3bn. Up to 50 banks, insurers, asset managers and private equity firms are believed to have shown interest.