FRANKFURT (Reuters) – Financial investor Cerberus is disposing of some of its holdings in both Deutsche Bank and Commerzbank, according to bookrunner running the sale.
Cerberus, which holds around 3% of Deutsche Bank and 5% in Commerzbank, is selling 21 million Deutsche Bank shares and 25.3 million Commerzbank shares, Morgan Stanley said in a statement.
(Reporting by Alexander Huebner; Writing by Christoph Steitz; editing by Susan Fenton)
