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Cerberus divests stakes in Deutsche Bank, Commerzbank
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Cerberus Capital Management is selling a chunk of its stakes in Deutsche Bank AG and Commerzbank following years of disappointing share performances at the German lenders.
The US private-equity firm is selling about 21 million shares out of around 62 million it owns at Deutsche Bank, and 25 million out of 63 million it holds at Commerzbank, according to a person familiar with the sale.
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