Deutsche close to buying GM mortgage arm-report

Newswire

NEW YORK, Oct 24 (Reuters) - Deutsche Bank is close to a deal to acquire General Motors Corp.'s GMAC Commercial Mortgage business, The New York Post reported on Friday, citing sources familiar with the situation. The deal is expected to be worth as much as $2 billion or more, the paper said. The proposed sale is in the late stages of negotiations but is not finalized and could still fall apart, the Post noted, quoting sources. A spokesperson for General Motors could not be reached for ...

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