FRANKFURT (Reuters) - U.S. investor Capital Group has bought more shares in Germany's largest lender Deutsche bank DBKGn.DE taking its overall holdings to more than 7 percent, a regulatory filing showed on Tuesday.
“We are happy that Capital Group has increased their overall shareholding in Deutsche Bank. We see this as a clear vote of confidence in our strategic transformation and its implementation,” the bank said in a statement.
Capital Group used its Euro Pacific Growth Fund for the additional stake purchase of 3.61 percent, after using a different fund for its initial investment, the filing shows.
The investment comes a week after Commerzbank disclosed that Capital Group has hiked its stake in Germany’s second-largest lender to 5.31%.
Reporting by Hans Seidenstücker; Writing by Arno Schuetze; Editing by Riham Alkousaa
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