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Deutsche Bank <\/span> \u00a0and Commerzbank\u00a0 <\/span> shares dropped on Tuesday after an unnamed investor sold stakes worth a total of 1.75 euros billion ($1.90 billion) in Germany\u2019s two biggest lenders.<\/p>\n Shares in Deutsche Bank <\/span> (ticker: DB) fell 9%, while smaller peer Commerzbank <\/span> (CBKG.DE) was down 2.23% in early morning Frankfurt trading on Tuesday.<\/p>\n The investor sold 116 million Deutsche Bank shares at 10.98 euros-a-share and 72.5 million Commerzbank shares at 6.55 euros-a-share, according to calculations by bookrunner Morgan Stanley <\/span> which were reported by The Wall Street Journal. This represents stakes of about 5.6% and 5.8% in Deutsche Bank and Commerzbank.<\/p>\n Monday\u2019s share sale comes after U.S. private equity group Cerberus in January cut its stake in Deutsche Bank and Commerzbank by more than a third.<\/p>\n \u201cWe remain confident in our strategy,\u201d Deutsche Bank said in an emailed statement to Barron\u2019s.<\/em> \u201cOur focused business model and risk management capabilities have proven their resilience in challenging times.\u201d<\/p>\n \u201cThe sale of a share portfolio does not change our strategy,\u201d Commerzbank said in an emailed statement, adding that the bank\u2019s business model and its risk management have \u201cproven their worth in challenging times\u201d.<\/p>\n story by Lina Saigol<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Deutsche Bank \u00a0and Commerzbank\u00a0 shares dropped on Tuesday after an unnamed investor sold stakes worth a total of 1.75 euros billion ($1.90 billion) in Germany\u2019s two biggest lenders. Shares in Deutsche Bank (ticker: DB) fell 9%, while smaller peer Commerzbank (CBKG.DE) was down 2.23% in early morning Frankfurt trading on Tuesday. The investor sold […]<\/p>\n","protected":false},"author":8,"featured_media":20124,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_post_source_name":"","_post_source_url":"","footnotes":""},"categories":[61],"tags":[7358,5876,5262,5875,9478,8031,66,7806,8175,5807,6808,11325,13307,10829,9064],"class_list":["post-20123","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-bank","tag-commerzbank","tag-cut","tag-deutsche-bank","tag-dropped","tag-equity","tag-germany","tag-model","tag-morgan-stanley","tag-risk","tag-shares","tag-street","tag-trading","tag-wall-street","tag-wall-street-journal"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts\/20123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/comments?post=20123"}],"version-history":[{"count":0,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts\/20123\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/media\/20124"}],"wp:attachment":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/media?parent=20123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/categories?post=20123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/tags?post=20123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}