Deutsche Bank: Cerberus Holds 3% Stake in Bank

By Sarah SloatFeaturesDow Jones Newswires

Deutsche Bank AG (DBK.XE) said Wednesday that U.S. fund Cerberus has taken a 3% stake in the German lender.

"We welcome every investor who believes in the value potential of the Deutsche Bank share," the bank said.

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The stake makes Cerberus one of Deutsche Bank's biggest shareholders, after HNA Group Co. and BlackRock Inc., according to the bank's website.

The fund also holds a stake in Germany's Commerzbank AG (CBK.XE) of about 5%.

Write to Sarah Sloat at sarah.sloat@wsj.com

(END) Dow Jones Newswires

November 15, 2017 08:42 ET (13:42 GMT)