Deals
Deutsche Bank in Talks to Sell Tech Unit to Tata Consultancy
- Deutsche Bank’s Postbank Systems unit employs 1,400 people
- The talks are expected to result in a deal by end of year
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Deutsche Bank AG is in advanced talks to sell a technology services unit to Tata Consultancy Services Ltd., Asia’s biggest software exporter by market value, people with knowledge of the matter said.
The discussions about Bonn-based Postbank Systems AG are expected to result in a deal with the Indian company by the end of the year, the people said, asking not to be identified discussing the private information.