DB - Cerberus seeks to sell off more shares of Deutsche Bank - Reuters

Cerberus is seeking to pare down its holdings of Deutsche Bank (DB +3.9%) further after selling a stake of ~1% in the German lender earlier this year, Reuters reports. Cerberus, which currently holds ~1.99% of Deutsche Bank (NYSE:DB) shares, is looking to sell ~15M DB shares, according to a terms sheet Reuters saw. Morgan Stanley is the bookrunner, according to the term sheet. Last month, Deutsche Bank (DB), Commerzbank (OTCPK:CRZBY) shares fall as Cerberus set to trim stakes

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Cerberus seeks to sell off more shares of Deutsche Bank - Reuters