NEW YORK CITY-Deutsche Bank and Guggenheim Partners, which had launched discussions in February about a possible sale of RREEF and other asset management units, now will focus solely on RREEF, the real estate and infrastructure investment management arm of Deutsche Asset Management. The Frankfurt-based Deutsche Bank said Friday that it had mutually agreed with Guggenheim, based here, to end exclusive negotiations on a potential sale of DWS Americas, the bank’s mutual fund business in the Americas; DB Advisors, its global institutional asset management business; and Deutsche Insurance Asset Management, the global insurance asset management business.

“Deutsche Bank will continue to evaluate these businesses and is fully committed to maintaining the stability of its investment teams and to ensuring that clients continue to receive the highest level of quality in investment management services,” the bank says in a statement. Its management board had launched a strategic review of its global asset management division last November.

Last month, Reuters reported that the bank and Guggenheim were close to a sale of all four units in a deal that would have been worth up to $2 billion. A Guggenheim spokeswoman told GlobeSt.com that the report was “speculative.”

Separately, Guggenheim earlier this week announced the launch of Guggenheim International, which is described in a release as “a new division dedicated to building cross-border strategic partnerships and providing solutions to sovereign, institutional, corporate and high-net-worth clients across the globe.” It first project is Helios, a solar energy initiative designed to generate at least 10 gigawatts of photovoltaic power in Greece by 2020.