The titles of the money house fall in Frankfurt late trading by about one percent.
(Photo: dpa)
Munich The US financial investor Cerberus separates from another package of Deutsche Bank shares. The investment bank entrusted with the transaction announced on Tuesday evening that Cerberus is offering 15 million papers from the largest German financial institution for sale to institutional investors.
The package, which corresponds to about one percent of the share capital, is worth around 216 million euros at the Xetra closing price on Tuesday. However, the placement makes things difficult for the course. The titles of the money house fall in Frankfurt late trading by about one percent.
The US investor has thus completed the second step in the loss-making withdrawal from Deutsche Bank within four weeks. Cerberus only reduced its stake in January with a comparable placement from three to two percent and at the same time sold part of its Commerzbank shares – four years after the sensational entry.