Chinese conglomerate HNA Group, the largest shareholder in Deutsche Bank, is reportedly selling its stake in the German bank. The move comes as chairman Chen Fang increases his control over the company with the appointment of relatives to key company positions. The Chinese firm, which spent $40 billion on overseas acquisitions and has carried as much as $90 billion in debt, has been told by the Chinese government to offload all assets except its core airline […]
source https://therealdeal.com/2018/09/19/as-chen-fengs-grip-on-hna-tightens-the-firm-is-selling-its-deutsche-stake/
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