Deutsche Bank AG

ots Ad hoc-Service: Deutsche Bank AG Deutsche Bank reduces Allianz stake to 4.1 %

The sender is solely responsible for the contents of this announcement. ----------------------------------------------------- Frankfurt (ots Ad hoc-Service) - DB Investor, the arm of Deutsche Bank set up to manage the banks industrial shareholdings, has further reduced its stake in Allianz AG, the insurer, to 4.1 %. As part of the transaction 7 mn shares, worth approximately EUR 2.5 bn, were placed globally with investors. The sale was executed as an accelerated book build and was heavily oversubscribed. The block sale achieved a price of EUR 362 per share, a discount of 2% to the reference price at closing of the book. The economic disposal has been achieved by an innovative structure which allows Deutsche Bank to obtain the full benefits from the upcoming tax reform in Germany. The transaction will qualify as a disposal for the Deutsche Bank Group in its IAS accounts, giving rise to a capital gain in excess of EUR 2 bn, but without triggering a tax disposal in the current year. End of message ----------------------------------------------------- Internet: Original-Content von: Deutsche Bank AG, übermittelt durch news aktuell

Themen in dieser Meldung

Das könnte Sie auch interessieren: