FRANKFURT, Feb 8 (Reuters) – U.S. investor Cerberus is further selling down its stake in Deutsche Bank (DBKGn.DE), according to term sheet from the bookrunner on Tuesday.
Cerberus, which currently holds 1.99% of Germany’s largest lender, wants to sell around 15 million shares.
Cerberus sold a stake of around 1% in the bank earlier this year, and sources told Reuters that further sales were expected.
The announcement of the share sale was made by Morgan Stanley as bookrunner.
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Reporting by Tom Sims; Editing by Christoph Steitz
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