Wells Fargo to sell asset management business for $2.1bn

Author: 
Reuters
ID: 
1614079135483255600
Tue, 2021-02-23 11:11

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.

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