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

FRANKFURT (Reuters) – Deutsche Bank (DE:) has sold $50 billion (45 billion euros) in unwanted assets to Goldman Sachs (NYSE:) 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.

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