Qatar mulls in­creas­ing Deutsche Bank stake

The Myanmar Times - - International Business -

QATARI in­vestors, in­clud­ing mem­bers of the royal fam­ily, are con­sid­er­ing rais­ing their stake in Deutsche Bank to 25 per­cent to shore up the em­bat­tled lender’s cap­i­tal po­si­tion.

Qatari ex-premier Sheikh Ha­mad bin Jas­sim bin Ja­bor al-Thani and his cousin, the for­mer emir Ha­mad Bin Khal­ifa Al-Thani, cur­rently own 10pc of the Ger­man bank’s shares, the weekly Der Spiegel re­ported.

Deutsche Bank has been in cri­sis mode since a US de­mand last month for a US$14 bil­lion fine for sell­ing toxic mort­gage bonds sparked fears over the lender’s fi­nan­cial health, send­ing its share price plum­met­ing to a record low.

If the Qatari group does in­deed raise its stake in Deutsche to 25pc, the in­vestors would likely ex­pect to have a say in man­age­ment is­sues.

With­out cit­ing its sources, Der Spiegel said the Qatari roy­als were “in­creas­ingly un­happy” with the cur­rent man­age­ment un­der CEO John Cryan.

‘If the Qataris were to raise their stake they would prob­a­bly also push for changes to the man­age­ment.’

Der Spiegel Ger­man Mag­a­zine

“If the Qataris were to raise their stake they would prob­a­bly also push for changes to the man­age­ment,” the mag­a­zine added.

The Ger­man fi­nance min­istry told Spiegel it would have no ob­jec­tions to a greater in­vest­ment by the Qatari group. –

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