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    Home»Deals & Transactions»Cerberus’ German Bank Sale Likely Just the Beginning
    Deals & Transactions

    Cerberus’ German Bank Sale Likely Just the Beginning

    January 13, 2022Updated:January 13, 20221 Min Read
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    Outside view of the Deutsche Bank and Commerzbank headquarters in Frankfurt, Germany, March 18, 2019. REUTERS/Ralph Orlowski
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    Cerberus’ sale this week of part of its sizeable holdings in Deutsche Bank and Commerzbank is likely the first step to a full exit from the lenders by the U.S. investor, said two people with knowledge of the matter.

    But Cerberus in 2017 bet big on Germany by buying a 3% stake in Deutsche Bank and a 5% stake in Commerzbank, a move that the two people said was meant in part to capitalise on the prospect of bank mergers.

    Cerberus, which raked in $500 million in proceeds in Monday’s partial sale of the stakes, didn’t respond to requests for comment.

    Red more: Reuters

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