Cerberus sells shares in Deutsche Bank, Commerzbank

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FRANKFURT (Reuters) – Financial investor Cerberus is disposing of some of its holdings in both Deutsche Bank (DE:DBKGn) and Commerzbank (DE:CBKG), according to bookrunner running the sale.

Cerberus, which holds around 3% of Deutsche Bank and 5% in Commerzbank, is selling 21 million Deutsche Bank shares and 25.3 million Commerzbank shares, Morgan Stanley (NYSE:MS) said in a statement.