FRANKFURT (Reuters) – An undisclosed investor is selling shares in Deutsche Bank and Commerzbank, a bookrunner said on Monday, stakes that amount to more than 5% in Germany’s top two lenders.
The sale is for 116 million shares of Deutsche Bank and for 72.5 million shares of Commerzbank, according to a note announcing the sale.
In recent months, U.S. investor Cerberus began to shed its large stakes in both banks. A spokesperson for Cerberus did not immediately respond to a request for comment.
(Reporting by Tom Sims and Alexander Huebner; Editing by Chris Reese and Mark Potter)