Deutsche Bank in­vestors keen on rights of­fer

New Straits Times - - Business -

Qatar’s royal fam­ily and China’s HNA Group Co, two of Deutsche Bank AG’s big­gest in­vestors, planned to buy shares in the lender’s €8 bil­lion (RM37.46 bil­lion) rights of­fer with a view to in­creas­ing their stakes, ac­cord­ing to sources.

Sheikh Ha­mad Jas­sim, for­mer prime min­is­ter of the Gulf state, and the for­mer emir of the coun­try, Sheikh Ha­mad Khal­ifa Al Thani, were con­sid­er­ing boost­ing their cur­rent com­bined hold­ing of less than 10 per cent, said the peo­ple. Sep­a­rately, HNA had a long-term goal of in­creas­ing its 3.04 per cent hold­ing, said two peo­ple.

Deutsche Bank chief ex­ec­u­tive of­fi­cer John Cryan, who has spent al­most two years nav­i­gat­ing le­gal probes, is tap­ping in­vestors for funds to quell con­cerns that the lender’s cap­i­tal buf­fers aren’t suf­fi­cient.

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