3% of Deutsche Bank bought by Chinese firm
HNA Group has reportedly taken a stake of just over 3% in Deutsche Bank, and has said that it could buy more shares in the bank in the future. The move sees HNA Group become Deutsche Bank's third largest investor. 

(Reuters) China’s HNA Group has taken a stake of just over 3% in Deutsche Bank and said on Friday it could buy further shares in the German lender.

“We have the fullest confidence in Deutsche Bank’s management and will keep a close watch on its future steps and lend support as a shareholder where appropriate,” a spokesman for HNA said.

The Chinese aviation and shipping company intends to keep its holding below 10%, he said.

HNA’s stake of 3.04%, worth around €750m (US$799m) at current share prices, makes it the bank’s biggest shareholder after Qatar, which has close to 10% of stock via two sovereign wealth funds, and BlackRock, which owns 6.1%.

Deutsche Bank said it welcomed in principle any investor with a long-term view.