Warburg Is Said to Near Deal for United Trust Bank Minority Stake [Yahoo! Finance]
DEUTSCHE TELEKOM AG S/ADR (DTEGY)
NASDAQ:AMEX Investor Relations:
telekom.com/en/investor-relations
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Source: Yahoo! Finance
Most Read from Bloomberg Brace for a Nationwide Shuffle of Corporate Headquarters Hong Kong's Expat Party Hub Reshaped by Chinese Influx American Institute of Architects CEO Resigns City Hall Is Hiring Cloud Computing Tax Threatens Chicago's Silicon Valley Dream The private equity firm and the bank could announce an agreement as soon as this week, the people said, asking not to be identified because the discussions are private. A representative for Warburg declined to comment. United Trust Bank didn't immediately respond to a request for comment. United Trust Bank says it has about 60,000 deposit customers and almost £4 billion in assets, with divisions in areas such as development, structured and asset finance, as well as mortgages. Funds advised by New York-based Warburg began investing in Europe in 1983 and have put more than $15 billion in over 125 companies in the region, according to a statement by the firm. Warburg added London Specialist Risk Group Ltd. to
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