February 9, 2018 / 11:30 AM / in 8 months

HNA to will continue to be a significant investor in Deutsche Bank

FRANKFURT (Reuters) - HNA’s stake in Deutsche Bank (DBKGn.DE) through shares and financial instruments dipped to 9.2 percent from 9.9 percent as of Feb. 2, Deutsche Bank said on Friday.

Deutsche Bank building before the bank's annual news conference in Frankfurt, Germany, February 2, 2018. REUTERS/Ralph Orlowski

But HNA “will continue to be a significant investor in Deutsche Bank”, a spokesman for HNA’s holding said.

The change announced on Friday is technical in nature, according to C-Quadrat, which oversees HNA’s holding. It said the level of voting rights in Germany’s largest lender could fluctuate “due to changes in direct holdings and financial instruments”.

Reporting by Tom Sims; Editing by Maria Sheahan

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