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Qatar has not asked to raise Deutsche Bank stake - sources
May 10, 2017 / 11:01 AM / in 6 months

Qatar has not asked to raise Deutsche Bank stake - sources

FRANKFURT (Reuters) - Qatar has not asked German financial watchdog Bafin for approval to raise its stake in Deutsche Bank (DBKGn.DE), two financial sources told Reuters on Wednesday.

FILE PHOTO: The headquarters of Germany's Deutsche Bank is seen early evening in Frankfurt, Germany, January 26, 2016. REUTERS/Kai Pfaffenbach/File Photo

Shares in Deutsche Bank earlier spiked higher briefly, with a trader citing a Bloomberg report saying Qatar had asked German regulators to lift its stake in the bank to over 10 percent.

Deutsche Bank and Bafin both declined to comment on the Bloomberg report.

Reporting by Andreas Kroener; Writing by Maria Sheahan

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