Stock Groups

Cerberus seeking to sell more Deutsche Bank shares

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO: A woman walks past a Deutsche Bank office in London, Britain July 8, 2019. REUTERS/Simon Dawson

FRANKFURT, Reuters -U.S. Investor Cerberus continues to sell its stake in Deutsche Bank According to the term sheet of Tuesday’s bookrunner, DE:

Cerberus currently owns 1.99% of Germany’s biggest lender and wants to buy around 15,000,000 shares.

Cerberus sold a stake of around 1% https://www.reuters.com/article/cerberus-capital-deutsche-bank-commerzba-idCAKBN2JL0NY in the bank earlier this year, and sources told Reuters that further sales were expected.

By Morgan Stanley (NYSE: ) in the capacity of bookrunner.

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]