FRANKFURT • Deutsche Bank AG’s largest investor, China’s cash-strapped conglomerate HNA Group Co Ltd, reduced its stake in the German lender slightly while pledging to remain a “significant” holder as it reorganises the financing of the stake.
HNA held 9.2% of voting rights in Deutsche Bank, according to a regulatory filing last Friday, down from 9.9% previously. HNA holds about 4.3% of shares, with the remainder tied to a right to recall shares that have been loaned, the filing showed.
