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NEW YORK CITY-Deutsche Bank AG and locally-based Guggenheim Partners have ended exclusive negotiations over a potential sale of RREEF, Deutsche’s real estate investment and management arm, after both parties “were unable to agree on terms for the sale of the business,” the Frankfurt-based bank unveiled in a statement today. It’s the second shoe to drop in the massive deal unraveling. As GlobeSt.com reported on May 11, Deutsche agreed with Guggenheim 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.

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