November 27, 2019 / 12:11 PM / 18 days ago

Deutsche Bank sells $50 billion in assets to Goldman Sachs amid overhaul - source

FRANKFURT, Nov 27 (Reuters) - Deutsche Bank has sold $50 billion (45 billion euros) in unwanted assets to Goldman Sachs as part of its restructuring, a person with knowledge of the matter said on Wednesday, confirming a Bloomberg report.

The assets, related to emerging market debt, were part of Deutsche's unit to wind down unwanted securities, the person said.

A spokesman for Deutsche Bank declined to comment. Goldman Sachs could not be reached for comment.

1 euro = $1.1022 Reporting by Tom Sims and Patricia Uhlig; Editing by John O'Donnell and Thomas Seythal

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