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Thursday, 9 March 2017

Deutsche Bank Qatar, China Investors Said to Back Cash Call - Bloomberg

Deutsche Bank Qatar, China Investors Said to Back Cash Call - Bloomberg:

"Qatar’s royal family and China’s HNA Group Co., two of Deutsche Bank AG’s biggest investors, plan to buy shares in the lender’s 8 billion-euro ($8.4 billion) rights offer with a view to increasing their stakes, according to people with knowledge of the matter.

Sheikh Hamad Bin Jassim Bin Jabr Al Thani, former prime minister of the Gulf state, and the former emir of the country, Sheikh Hamad bin Khalifa Al Thani, are considering boosting their current combined holding of less than 10 percent, the people said, asking not to be identified because the information is private. Separately, HNA has a long-term goal of increasing its 3.04 percent holding, two people said. In both cases, no final decision has been made on the final size of the investments."



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