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HNA Group takes 3% stake in Deutsche Bank

02/20/2017| 11:21:11 AM| 中文

HNA Group has taken a 3.04% stake in Deutsche Bank and said it could buy further shares of the German lender.

HNA plans to keep its holding below 10%, a HNA spokesman said.

HNA's 3.04% stake, worth around EUR 750 million (USD 799 million) at current share prices, makes it Deutsche Bank's biggest shareholder after Qatar, which has close to 10% of stock via two sovereign wealth funds, and BlackRock, which owns 6.1%, according to a Reuters report.

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TAGS: HNA Group | Deutsche Bank | BlackRock
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