China's HNA takes 3 percent stake in Deutsche Bank

China's HNA takes 3 percent stake in Deutsche Bank
 

China's HNA Group (0521.HK) has taken a stake of just over 3 percent in Deutsche Bank (DBKGn.DE) and said on Friday it could buy further shares in the German lender.
"We have the fullest confidence in Deutsche Bank's management and will keep a close watch on its future steps and lend support as a shareholder where appropriate," a spokesman for HNA said.
The Chinese aviation and shipping company intends to keep its holding below 10 percent, he said.
HNA's stake of 3.04 percent, worth around 750 million euros (£643 million) at current share prices, makes it the bank's biggest... read more

 
17 February 2017 in Business, Views: 48
Source: Reuters
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