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Wells Fargo selling majority stake in real estate banking giant Eastdil

Michael Neibauer
Wells Fargo selling majority stake in real estate banking giant Eastdil

Eastdil Secured LLC, one of the nation’s largest real estate investment banking companies, will soon be privately held and under new ownership. Temasek, a Singapore-based investment company, and “certain institutional clients” of Guggenheim Investments will take majority ownership while Wells Fargo & Co. (NYSE: WFC), Eastdil’s current owner, will hold a minority stake in the company.