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DEUTSCHE BANK AG (DBK)
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Deutsche Bank : HNA is long-term investor in Deutsche Bank, HNA representative says

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12/27/2017 | 09:28am CET
The head quarters of Germany's largest business bank, Deutsche Bank, is photographed in Frankfurt

HNA Group is a long-term investor in Deutsche Bank (>> Deutsche Bank), the Chinese conglomerate's representative on the bank's board told a German newspaper.

HNA Group is a long-term investor in Deutsche Bank (>> Deutsche Bank), the Chinese conglomerate's representative on the bank's board told a German newspaper.

"Deutsche Bank is a core, high-prestige investment for HNA," Alexander Schuetz, said in an interview published in Wednesday's Handelsblatt.

Schuetz sought to dismiss any lingering speculation that HNA would sell its stake in the German lender, which is just under 10 percent and valued at around 3.3 billion euros (2.91 billion pounds).

"We want to show that this is totally wrong," he was quoted as saying.

HNA's $50 billion worth of deal-making over the past two years has sparked intense scrutiny of its opaque ownership and use of leverage.

In the interview, Schuetz pointed to a new financing structure with derivatives -- with a three-year maturity - that insure against a drop in the bank's share price.

"This shows that HNA is focussed on the long-term and has no interest in a sale," Schuetz said.

Pressure on HNA's finances has risen after the Chinese government told major banks in June to review their credit exposure to HNA and a handful of other non-state companies.

However, an HNA executive told Reuters this month that the group was not facing a liquidity crisis and characterised high profile investments in Deutsche and hotels group Hilton (>> Hilton Worldwide Holdings Inc) as successful.

(Reporting by Tom Sims; Editing by Keith Weir)

Stocks treated in this article : Deutsche Bank, Hilton Worldwide Holdings Inc
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Financials (€)
Sales 2017 27 391 M
EBIT 2017 3 803 M
Net income 2017 971 M
Debt 2017 -
Yield 2017 0,73%
P/E ratio 2017 31,83
P/E ratio 2018 13,46
Capi. / Sales 2017 1,17x
Capi. / Sales 2018 1,13x
Capitalization 32 155 M
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Deutsche Bank AG Technical Analysis Chart | DBK | DE0005140008 | school135perm
Technical analysis trends DEUTSCHE BANK AG
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 29
Average target price 14,6 €
Spread / Average Target -6,3%
EPS Revisions
Managers
NameTitle
John Cryan Chief Executive Officer
Christian Sewing Co-President & Co-Head-Private Bank
Marcus Schenck Co-President & Co-Head-Investment Bank
Paul Achleitner Chairman-Supervisory Board
Kimberly L. Hammonds Chief Operations Officer
Sector and Competitors
1st jan.Capitalization (M$)
DEUTSCHE BANK AG-2.00%38 404
JP MORGAN CHASE & COMPANY1.46%382 537
INDUSTRIAL AND COMMERCIAL BANK OF CHINA-1.77%327 851
BANK OF AMERICA2.03%318 655
WELLS FARGO2.26%311 047
CHINA CONSTRUCTION BANK CORPORATION-1.56%262 637
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