LINE

    Text:AAAPrint
    Economy

    HNA takes stake in Deutsche Bank

    1
    2017-02-20 09:15Global Times Editor: Li Yan ECNS App Download

    China's HNA Group has taken a stake of just over 3 percent in Deutsche Bank, and it said on Friday that it could buy further shares in the German lender.

    "We have the fullest confidence in Deutsche Bank's management and will keep a close watch on its future steps and lend support as a shareholder where appropriate," a spokesman for HNA said.

    The aviation and shipping company intends to keep its holding below 10 percent, he said.

    HNA's stake of 3.04 percent, worth about 750 million euros ($796 million) at current share prices, makes it the bank's biggest shareholder after Qatar, which has close to 10 percent of the stock via two sovereign wealth funds, and BlackRock, which owns 6.1 percent.

    Deutsche Bank said it welcomes in principle any long-term investor.

      

    Related news

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    News
    Politics
    Business
    Society
    Culture
    Military
    Sci-tech
    Entertainment
    Sports
    Odd
    Features
    Biz
    Economy
    Travel
    Travel News
    Travel Types
    Events
    Food
    Hotel
    Bar & Club
    Architecture
    Gallery
    Photo
    CNS Photo
    Video
    Video
    Learning Chinese
    Learn About China
    Social Chinese
    Business Chinese
    Buzz Words
    Bilingual
    Resources
    ECNS Wire
    Special Coverage
    Infographics
    Voices
    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ©1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 桦甸市| 南漳县| 砀山县| 长子县| 疏勒县| 临夏市| 泰兴市| 弥勒县| 类乌齐县| 永州市| 稻城县| 澜沧| 乌兰察布市| 洛浦县| 星座| 津南区| 涞水县| 吴忠市| 河津市| 巧家县| 安达市| 盐山县| 增城市| 济源市| 宣武区| 申扎县| 寿光市| 广河县| 安庆市| 旬邑县| 登封市| 亚东县| 张家港市| 类乌齐县| 信丰县| 邵东县| 自贡市| 太原市| 天台县| 清水河县| 云霄县|