After a Financial Times story reported that Deutsche Bank was bidding for a controlling stake in SeoulBank, the German institution has sought to clarify the situation.
It has stated categorically that its private equity arm, DB Capital Partners, is making the bid -- and not Deutsche Bank AG.
The situation gets more interesting when you consider that Deutsche Bank is the advisor to the Korean government on the sale of SeoulBank -- a situation which might seem to the naked eye to be a conflict of interest.
FinanceAsia understands that Deutsche has not put itself in this rather strange position on a whim.
Deutsche was given...
