-- Tata Consultancy Services is in advanced talks to buy Deutsche Bank's technology-services unit Postbank Systems AG, Bloomberg reports, citing unnamed sources.

--The sale of the business, which employs 1,400 people, would help the bank achieve its job-cuts target.

-- The discussions could see the Indian software company acquire the business by the end of the year, Bloomberg reports, adding that negotiations could yet fail.

--The companies didn't immediately reply to requests for comments.

 

Full story: https://bloom.bg/3jsOcmR

 

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(END) Dow Jones Newswires

October 22, 2020 04:08 ET (08:08 GMT)

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