Capital Group fund discloses Deutsche Bank stake, combined holdings less than 5%

Eufemia Didonato

Corrects headline and first sentence to show that Deutsche Bank corrects to say that Capital Group holdings total less than 5%, not more than 7%. In 2nd paragraph, Deutsche Bank updates its statement to show that Capital Group has not crossed the 5% threshold. Oct 13 (Reuters) – U.S. investor […]

Corrects headline and first sentence to show that Deutsche Bank corrects to say that Capital Group holdings total less than 5%, not more than 7%. In 2nd paragraph, Deutsche Bank updates its statement to show that Capital Group has not crossed the 5% threshold.

Oct 13 (Reuters)U.S. investor Capital Group has bought more shares in Germany’s largest lender Deutsche Bank DBKGn.DE, with funds controlled by the U.S. investment group owning a total of less than 5% of the bank, a regulatory filing showed on Tuesday.

“While the Capital Group has increased its shareholding in Deutsche Bank AG, the investment has not crossed the five percent threshold overall. The Euro Pacific Growth Fund shareholding is attributed to the Capital Group shareholding,” Deutsche Bank said.

Capital Group used its Euro Pacific Growth Fund for the additional stake purchase of 3.61 percent, after using a different fund for its initial investment, the filing shows.

The investment comes a week after Commerzbank disclosed that Capital Group has hiked its stake in Germany’s second-largest lender to 5.31%.

(Reporting by Hans Seidenst├╝cker Writing by Arno Schuetze Editing by Riham Alkousaa )

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