Saturday, 26 January 2019

Deutsche Bank Gets #Qatari Commitment For More Funds - Bloomberg

Deutsche Bank Gets Qatari Commitment For More Funds - Bloomberg:

Deutsche Bank AG has secured a commitment for additional investment from Qatar as the bank seeks to bolster its finances, according to people with knowledge of the matter. 

The investment is likely to be made through the Qatar Investment Authority, the country’s sovereign wealth fund, the people said, asking not to be identified because the talks are private. Two other Qatari investment vehicles, controlled by members of the royal family and other prominent politicians, already own a stake in the troubled German lender.

While the discussions are at an advanced stage, no final agreement has been reached, said the people. The timing and the size of the investment aren’t clear.

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