Qatar won't sell Deutsche Bank shares, might buy more - sources - News Summed Up

Qatar won't sell Deutsche Bank shares, might buy more - sources


DOHA/FRANKFURT (Oct 7): Qatari investors who own the largest stake in Deutsche Bank do not plan to sell their shares and could consider buying more, if the embattled German bank decides to raise capital, sources familiar with Qatari investment policy told Reuters. That implies the Qataris may have lost, on paper, over US$1.2 billion on their investments in the bank. Lawyer Stefan Simon was nominated to Deutsche's supervisory board in July at the suggestion of the two Qatari investment vehicles. The source added, however, that at the moment there was no pressure from Qatar for any changes in top management at Deutsche. "Hamad bin Jassim, and Qatar for that matter, enter investments looking way down the road," said Syed Bashar, a former economist with Qatar's central bank.


Source: The Edge Markets October 07, 2016 11:48 UTC



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