The headquarters of German banks Deutsche Financial institution (L) and Commerzbank in Frankfurt, Germany.
FRANK RUMPENHORST | DPA | Getty Photographs
An undisclosed investor is promoting stocks in Deutsche Financial institution and Commerzbank, a bookrunner mentioned on Monday, stakes that quantity to greater than 5% in Germany’s best two lenders.
The sale is for 116 million stocks of Deutsche Financial institution and for 72.5 million stocks of Commerzbank, consistent with a observe saying the sale.
One investor who holds such sizeable stakes in each banks is Capital Team of Los Angeles. A spokesperson for the investor declined to remark.
Capital Team had larger its stake to greater than 5% in Deutsche Financial institution in November 2021. It larger its stake in Commerzbank to greater than 5% in October 2020.
Representatives for Deutsche Financial institution and Commerzbank declined to remark.
In contemporary months, U.S. investor Cerberus started to shed its huge stakes in each banks.
