Deutsche Bank's Chinese Backer HNA Becomes Top Shareholder

By 

Eyk Henning

 and 

Steven Arons

2 May 2017, 11:30 GMT-7 Updated on 3 May 2017, 02:20 GMT-7

•  
  HNA, controlled by tycoon
  Chen Feng
  , lifts stake to 9.92%
•  
  Chinese firm first disclosed stake in bank in February

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HNA Said to Raise Deutsche Bank Stake

HNA Said to Raise Deutsche Bank Stake

HNA Group Co., the Chinese aviation-to-hotels conglomerate, increased its stake in Deutsche Bank AG to almost 10 percent to become the top shareholder in Europe’s largest investment bank.

HNA’s holding in Germany’s biggest bank rose to 9.92 percent, according to a regulatory filing Tuesday by investment entities acting on HNA’s behalf. The conglomerate initially reported a 3 percent stake in Deutsche Bank in February, saying at the time that it may increase its holding, while intending to remain below 10 percent. It disclosed a stake of almost 4.8 percent in March.

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