Bank regulator sets ultimatum on Deutsche Bank BHF sale-sources
FRANKFURT Aug 16 (Reuters) - German regulator Bafin has set an end of August deadline for investors to submit information needed to approve Deutsche Bank's sale of BHF to a consortium headed by RHJ International (RHJI), two people familiar with the process said.
BHF Bank is a Frankfurt-based lender with wealth management, asset management and investment banking operations.
RHJI declined to comment. Blackrock and Deutsche Bank were not immediately available for comment.
A Bafin spokesman declined to comment on whether there was an ultimatum, but said: "We do not have all of the required information. Therefore we cannot evaluate this case."