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Cerberus sells shares in Deutsche Bank, Commerzbank -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: The Deutsche Bank logo graces the wall of Frankfurt’s headquarters on June 9, 2015. REUTERS/Ralph Orlowski

FRANKFURT(Reuters) – Cerberus, a financial investment firm is selling off some of its investments in both Deutsche Bank Commerzbank, DE: and Commerzbank, according to the bookrunner who ran the sale.

Cerberus holds 3% in Deutsche Bank, 5% in Commerzbank and 21,000,000 Deutsche Bank shares. Cerberus is currently selling 25.3 million Commerzbank Shares. Morgan Stanley (NYSE:) stated in a statement.

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