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Sharp falls for Deutsche Bank and Commerzbank due to the sale of a large investor

This strong hand of the market may be the investment fund Capital Group

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Deutsche Bank and Commerzbank shares post heavy losses after a major investor sold a major market share.
According to ‘CNBC’, this ‘strong hand’ may be the Capital Group investment fund, which controls a 5% stake in both entities.

Market sources have confirmed the sale of large blocks of Deutsche Bank and Commerzbank shares. Specifically, a large investor has sold 116 million shares of the former and 72 million shares of the latter, which represents around 5% of the capital of both entities.

Capital Group reached 5% of Deutsche Bank in November 2021 and increased its holding in Commerzbank to more than 5% in October 2020 . At the moment, the investment fund has not commented on this possible sale.

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