Deutsche Bank raises stake in Air Berlin to 16.36%

Tags :Continental Europe, Air Berlin


(AFX) Deutsche Bank AG raised its stake in Air Berlin to 16.36% from below 15% as of 07-Sep-07, the airline said.

 

Shares in SDAX-listed Air Berlin rose by more than 4% on the news as traders said the stake increase is giving new momentum to takeover rumours in regard to Germany's second largest airline. They said Deutsche Bank may be acquiring shares in Air Berlin for a third party.

A Deutsche Bank spokesman said the purchased shares are trading and asset management positions.
According to recent media reports, Ryanair and Air France may be interested in acquiring Air Berlin.

In Jul-07, Deutsche Bank raised its holding in Air Berlin to about 12.5% from 10%. 

Date posted: 12-Sep-07 

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