Jan 28 (Reuters) - Deutsche Bank AG and its asset management arm DWS Group are weighing a move to inject fresh capital in exchange for a significant minority stake in Fosun International-controlled
Deutsche Bank and DWS Consider Investment in Fosun-Controlled Firm
Investment Opportunities in Frankfurter Leben
Jan 28 (Reuters) - Deutsche Bank AG and its asset management arm DWS Group are weighing a move to inject fresh capital in exchange for a significant minority stake in Fosun International-controlled life insurance consolidator Frankfurter Leben, Bloomberg News reported on Wednesday.
Reuters could not immediately verify the report. A spokesperson from DWS declined to comment on the report.
Deutsche Bank, Frankfurter Leben, and Fosun did not immediately respond to Reuters’ requests for comment.
Potential Impact on Acquisitions
A backing by Deutsche Bank and DWS could help Frankfurter Leben step up acquisitions and potentially resume writing new life insurance policies, the report said.
Overview of Frankfurter Leben's Portfolio
Frankfurter Leben manages about 700,000 insurance contracts with an investment portfolio of about 13 billion euros ($15.49 billion), according to the report.
($1 = 0.8392 euros)
(Reporting by Mihika Sharma in Bengaluru; Editing by Leroy Leo)
