Deutsche Bank acquires stake in Axel Springer
Deutsche Bank is acquiring a stake in Axel Springer. Effective retroactively as of December 15, the bank is acquiring approximately 8.4 percent of the massive German publishing house. According to the industry service Horizont, this amounts to a total of 2,753,301 shares.
Deutsche Bank acquires a stake in Axel Springer. With retroactive effect from December 15, the bank is acquiring around 8.4 percent of the giant German publishing house. According to the industry service Horizont, this corresponds to a total of 2,753,301 shares.
At the same time, the American financial investor Hellman & Friedman, which joined the media company in 2003, is reducing its stake from 9.9 percent to 1.6 percent.
According to Axel Springer, the shares of Deutsche Bank will be widely placed on the market in the medium term in a "recovered capital market environment". This is in line with the desire of Springer shareholders for greater liquidity and serves the company's value development.
At the same time, the American financial investor Hellman & Friedman, which joined the media company in 2003, is reducing its stake from 9.9 percent to 1.6 percent.
According to Axel Springer, the shares of Deutsche Bank will be widely placed on the market in the medium term in a "recovered capital market environment". This is in line with the desire of Springer shareholders for greater liquidity and serves the company's value development.
