Soar shares of Deutsche Bank – The Economist

The rumor of a possible injection of resources by investors arabs, who drove their titles.

The sovereign wealth funds of Qatar, Abu Dhabi and a chinese investor may be willing to buy a share of 25% in the first German bank, according to the publication Manager Magazin.

The largest bank of Germany is struggling to alleviate concerns about his ability to cope with huge fines following a demand from the united States by 14,000 million dollars, related to the sale of assets linked to bad mortgages before the financial crisis.

Deutsche Bank seeks to reduce the amount to close the claim, but it could go to investors for more funds.

The magazine, which quoted sources from the banking industry, said that Qatar and Abu Dhabi and an investor from China, who was not identified, would be willing to participate in an eventual capital increase to strengthen the financial state of the German bank.

investors qatari already control about 10% of Deutsche Bank, stated Manager Magazin.

The actions of Deutsche Bank went up to maximum of five weeks.

The price of Deutsche Bank amounted to 3.82% in the Frankfurt Stock exchange, to 13.03 euros per share, and soared almost 5% on Wall Street.

is Already the largest shareholder,

Qatar is already the largest shareholder of Deutsche Bank with close to 10% of the capital and recently showed its concern for the situation of the bank, to a team whose manager would have requested guarantees, according to The Wall Street Journal, that it is doing everything possible to resolve the legal conflict to open in the United States and, at the same time, is managing properly the business.

on the other hand, the Spanish subsidiary of Deutsche Bank has sold a portfolio of loans and foreclosed assets for an amount of 430 million euros, according reported by the entity to the securities and exchange commission.

The bank notes that the sale of that portfolio, which contains mortgages, financing to smes and foreclosed assets, save costs and reduce capital needs.

Deutsche Bank has framed this operation in the group’s strategy of reducing "substantially" the assets considered non-essential in your operational before the end of this year.

valores@eleconomista.com.mx