Deutsche Bank looking to sell stake in Dubai-based Abraaj: sources | Reuters

Deutsche Bank looking to sell stake in Dubai-based Abraaj: sources | Reuters:

"Deutsche Bank (DBKGn.DE) is looking to sell its small stake in Dubai-based Abraaj, the embattled private equity firm involved in a row over alleged misuse of investor money, two sources familiar with the matter said.

The potential sale, which the German bank has been considering for some time, has become more urgent since Abraaj, the Middle East and Africa’s biggest private equity fund, has been locked in a dispute with investors, said the sources.

Deutsche, which is undergoing a restructuring and said last week it plans to cut at least 7,000 jobs worldwide, has an 8.8 percent stake in Abraaj Holdings, according to the bank’s latest annual report. "



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