Wells Fargo to sell asset management business for $2.1 billion

(Reuters) - Wells Fargo & Co said on Tuesday it had agreed to sell its asset management business, which manages more than $603 billion on behalf of customers, to private equity firms GTCR LLC and Reverence Capital Partners for $2.1 billion.

(Reporting by Noor Zainab Hussain in Bengaluru; Editing by Aditya Soni)

02/23/2021 11:13

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