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US buyout fund Cerberus takes 3% stake in Deutsche Bank

November 15, 2017

Via: CNBC

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.

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