DALLAS - NationsBank said it has completed the sale of Amresco, the company's asset-management unit, to CGW Southeast Partners.

As previously announced, NationsBank sold Amresco for its book value and, in exchange for a commitment not to reenter Amresco's business, will receive additional consideration, including a participation in future earnings. This participation consists of 25% of net income, after a return to the purchaser, for a set period.

Amresco, or Asset Management Resolution Co., manages about $10 billion in assets for both the public and private sectors.

CGW Southeast is a risk-capital limited partnership based in Atlanta.

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