Deutsche Bank investors keen on rights offer
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.