Mysterious big man sells shares of Deutsche Bank and Commerzbank, cashing out regarding 1.75 billionEUR (regarding 1.9 billion US dollars) shares, causing a big panic in the market.
Management Bank (Bookrunner) Morgan Stanley said on Tuesday (12th) that the investor was priced at 10.98 per share. EURThe price of 116 million shares of Deutsche Bank, accounting for regarding 5.6% of the bank’s shares, at the same time, investors 6.55 per share EURSale of 72.5 million Commerzbank shares, or 5.8% of the bank’s shares, for a total cash-out of 1.75 billionEUR (approximately $1.9 billion).
This is following the US financial investment company Cerberus sold Deutsche Bank and Commerzbank in January this year, the two major German banks were once once more sold out by major shareholders.
Deutsche Bank (DBK-DE) fell 9.36% to 10.81 per share on the news EUR. Commerzbank (CBK-DE) fell 8.47% to 6.42 per share EUR. Meanwhile, Germany’s DAX fell 0.48% to 14,124.95. Germany’s MDAX fell 0.54% to 30,405.11.
“Bloomberg” judged according to sources and data, the identity of the mysterious big man is almost ready to be revealed, that is, American Capital Group (ACAS-US).
As of the end of 2021, only BlackRock (BLK-US) and American Capital Group (ACAS-US) own so many shares in Deutsche Bank and Commerzbank, while BlackRock is largely a passive investment institution with shares linked to major Deutsche Bank indices, so mysteriously large Probably American Capital Group.
A spokesman for American Capital Group declined to comment by press time.
The recent Ukrainian-Russian war and the new crown epidemic have made European banks face the dual challenges of hyperinflation and potential recession, and international capital no longer favors European banks.
Europe’s banking sector is facing a wave of massive consolidation, with Deutsche Bank and Commerzbank both recently embarking on ambitious transformation plans in an attempt to boost profitability.
“The company remains confident in its strategy and has started the year well, and our goals have not changed,” Deutsche Bank said in its latest statement on Tuesday.
“The sale of shares has no impact on the company’s strategy, and our business model and risk management capabilities demonstrate resilience in challenging times,” Commerzbank said in a statement on Tuesday.
