Jupiter is up for sale - papers Monday 25th Feb

Commerzbank, Germany's third-largest bank, has asked Goldman Sachs to find a buyer for Jupiter International Group, the fund management group it bought in 1995, says the Daily Telegraph. The decision follows a review of Commerzbank's strategy and position in asset management by Goldman, its advisers, which began last October. Over five years, Commerzbank paid over £670m for full control of Jupiter, which has £1.1bn under management. The German bank is thought unlikely to recoup its costs, with Jupiter expected to fetch around £600m. Meanwhile, John Duffield, the founder and former cha...