BREAKING NEWS

BREAKING NEWS

Deutsche Bank to get additional investment from Qatar - Bloomberg

Deutsche Bank to get additional investment from Qatar - Bloomberg
@ Copyright :
Ralph Orlowski(Reuters)
Text size Aa Aa

FRANKFURT (Reuters) - Deutsche Bank <DBKGn.DE> is in advanced talks on receiving an additional investment from Qatar as the bank seeks to improve its finances, Bloomberg reported on Saturday.

Bloomberg, citing unidentified people with knowledge of the matter, said the timing and size of the investment was unclear. The investment would likely come through Qatar Investment Authority, the sovereign wealth fund, the report said.

A spokesman for Deutsche Bank declined to comment. A representative for Qatar Investment Authority wasn't immediately available for comment.

The Qatari royal family already holds a 6.1 percent stake in Deutsche Bank, according to the bank's website.

The Qatar Financial Centre released a statement in December distancing itself from a newspaper report that said it planned to raise its stake in Deutsche Bank.

(Reporting by Tom Sims; Editing by Christoph Steitz and Hugh Lawson)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.