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Cerberus takes 3 percent stake in Deutsche Bank
November 15, 2017 / 12:50 PM / 7 days ago

Cerberus takes 3 percent stake in Deutsche Bank

FRANKFURT, Nov 15 (Reuters) - U.S. buyout fund Cerberus has taken a 3 percent stake in Deutsche Bank, Germany’s flagship lender said on Wednesday.

The investment makes Cerberus the fourth-largest shareholder after China’s HNA group, Qatar and money manager Blackrock .

The move comes after the investor built a 5 percent stake in the country’s second-largest listed bank, Commerzbank, in July.

Cerberus declined to comment. (Reporting Arno Schuetze and Hans Seidenstuecker; Editing by Tom Sims)

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