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China’s Sovereign-Wealth Fund Interested in Buying HNA’s Deutsche Bank Stake

By Tony Seruga

Others expressing interest include Chinese state-owned financial institutions Citic Group, China Merchants Group and China Everbright Group

China’s sovereign-wealth fund and other large investors have expressed interest in potentially buying shares in Deutsche Bank AG from embattled Chinese conglomerate HNA Group Co., according to people familiar with the matter.

HNA, which is one of Deutsche Bank’s largest shareholders, is planning to unload its entire 7.6% stake in the German bank as part of a plan to shrink its global footprint, the Journal previously reported.

China’s Sovereign-Wealth Fund Interested in Buying HNA’s Deutsche Bank Stake

Categories : Private Equity

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