Fidelity International Weighs Sale of €35 Billion Fund Platform

Fidelity International is working with investment bank Rothschild to find potential buyers for its fund platform in Germany, according to people familiar with the matter.

The platform, FIL Fondsbank Gmbh, could attract interest from market infrastructure companies and private equity funds, they said. The business provides access to thousands of fund products for independent financial advisers, banks and asset managers in Germany and Austria.

The sale process is at an early stage and may not lead to a transaction, they said, asking not to be named because the process isn’t public. Fidelity declined to comment while representatives for Rothschild ...