HNA Reduces Stake in Deutsche Bank Further
February 16 2018 - 1:49AM
Dow Jones News
By Max Bernhard
HNA Group (HNAG.YY) has reduced its stake in Deutsche Bank AG
(DBK.XE) further to around 8.8%.
C-Quadrat Investments AG (C8I.VI), which manages the Deutsche
Bank investment for HNA, said Friday that it doesn't plan to reduce
the stake in the German bank further.
"HNA will continue to be a significant investor in Deutsche
Bank," C-Quadrat said.
Only a week ago, the major Deutsche Bank shareholder lowered its
stake to 9.2% from 9.0%. Indebted airline-to-finance conglomerate
HNA has recently turned to selling assets and lending out shares of
investments to generate cash.
Write to Max Bernhard at Max.Bernhard@dowjones.com;
@mxbernhard
(END) Dow Jones Newswires
February 16, 2018 01:34 ET (06:34 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
Deutsche Bank Aktiengese... (NYSE:DB)
Historical Stock Chart
From Mar 2024 to Apr 2024
Deutsche Bank Aktiengese... (NYSE:DB)
Historical Stock Chart
From Apr 2023 to Apr 2024
