HNA Sells 1.2% Stake in Hedged Investment in Deutsche Bank

Posted on 02/16/2018

Chinese conglomerate HNA Group Co. sold off roughly a 1.2% stake in Deutsche Bank AG for around €300 million (US$ 374 million), reducing ownership down to 8.8%. HNA Group held the bank shareholding through Vienna-based asset manager C-Quadrat Investments AG, in which, HNA is a majority owner in. Germany’s Federal Financial Supervisory Authority (BaFin) has […]