Skip to content
Subscriber Only

HNA Retreat From Deutsche Bank Continues; Stake Falls to 7.64%

HNA Offices in Beijing
Photographer: Qilai Shen/Bloomberg

Cash-strapped Chinese conglomerate HNA cut its stake in Deutsche Bank AG further, less than two months after saying it intended to stay “a major investor" in the German lender.

HNA’s total interest fell to 7.64 percent from 7.96 percent, the Frankfurt-based bank said in a regulatory statement. The portion of that stake that the company holds directly declined to 3.69 percent from from 5.45 percent.