Edition:
United Kingdom

HNA sells vehicle managing its Deutsche Bank investment


Friday, 17 May 2019 

May 17 (Reuters) - C-Quadrat, which manages HNA's 4.9% stake in Deutsche Bank, says::CEO OF C-QUADRAT INVESTMENT GROUP ALEXANDER SCHUETZ AND EXEC BOARD MEMBER CRISTOBAL MENDEZ DE VIGO ACQUIRE MAJORITY STAKE IN C-QUADRAT .SCHUETZ AND MENDEZ DE VIGO ACQUIRE MAJORITY STAKE IN C-QUADRAT FROM CHINA'S HNA GROUP .THROUGH THE TRANSACTION, HNA COMPLETELY DISPOSES ITS STAKE IN C-QUADRAT.CHINESE CONGLOMERATE HNA ACQUIRED A MINORITY STAKE IN C-QUADRAT IN 2016 AND INCREASED THE POSITION TO A MAJORITY STAKE ONE YEAR LATER.AS PART OF THE REALIGNMENT OF ITS GLOBAL STRATEGY, HNA HAS DECIDED TO FOCUS ITS ACTIVITIES ON ITS CORE AVIATION BUSINESS.. 

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