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Report: BNP Paribas leading race to acquire Deutsche's derivatives unit

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Report: BNP Paribas leading race to acquire Deutsche's derivatives unit

BNP Paribas SA is leading the race to take over Deutsche Bank AG's derivatives unit, Reuters reported, citing Börsen-Zeitung.

Analysts estimate that the unit, which sells certificates and warrants to retail investors, is worth between €400 million and €500 million, according to the German newspaper.

Deutsche Bank said it is reviewing the unit following its decision to exit equity trading, Reuters noted.

In September, the French bank agreed to absorb the global prime finance and electronic equities client portfolio of Deutsche Bank in a deal that will entail the migration of technology and key staff covering the business.