July 26, 2018 / 5:28 PM / a month ago

Wells Fargo looks to sell its Eastdil Secured real-estate division - WSJ

July 26 (Reuters) - Wells Fargo & Co is exploring a sale of its Eastdil Secured real-estate division, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

The U.S. bank has been weighing a sale of Eastdil, which provides financial advisory services to real estate owners, for at least a few months now, the Journal said. (on.wsj.com/2Oka3hD)

Wells Fargo, which bought Eastdil in 1999, was not immediately available for comment. (Reporting by Nikhil Subba in Bengaluru; Editing by Shailesh Kuber)

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