Deutsche Bank Sells Equity Derivatives to Goldman, Barclays (2)

Deutsche Bank AG completed the first in a series of auctions of equities-trading assets as the German lender exits the business after years of underperformance.

The portfolios of equity derivatives, split into European, Asian and U.S. books, were sold to three different bidders, according to spokesman Charlie Olivier, who declined to comment further. Barclays Plc placed the winning bid for the European assets, Goldman Sachs Group Inc. purchased the Asian batch and Morgan Stanley bought the U.S. trades, according to people familiar with the matter.

Spokesmen for the buyers declined to comment.

Selling the derivatives is a key ...