DUBAI (Reuters) – DWS Group (DE:), Deutsche Bank’s (DE:) asset manager, has entered into a binding agreement to acquire an equity stake of 15 percent in Dubai-based Neo Technologies, the companies said on Sunday.
Under the deal, DWS and Neo Technologies will form a partnership to collaborate on the development and expansion of digital asset management services in the region, they said.
The value of the transaction was not disclosed.
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