Germany's Commerzbank has announced the sale of its UK wealth management arm Kleinwort Benson, less than one year after buying the division.
Belgian investment group RHJ International is paying £225m for the business in a deal which should be completed early next year.
RHJ said it planned to use Kleinwort as an "overarching brand for its financial businesses going forward."
Commerzbank acquired Kleinwort when it bought Dresdner Bank in January.
In August, Commerzbank reported a net loss of 763m euros ($1.1bn; £708m) for the April to June period, a slight improvement on the 861m-euro loss it made in the previous quarter.
The results were hit by a charges of 216m euros for integrating Dresdner.
Commerzbank says the total cost of integrating Dresdner will be 2bn euros in 2009.
The bank does not expect to return to profit until 2011.
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