FRANKFURT (Reuters) - British investor Petrus Advisers said on Tuesday it had sold an 8% stake in Comdirect Bank to parent company Commerzbank CBKG.DE.
“The transaction enables Commerzbank to complete a quick takeover of Comdirect and is in line with the strategic recommendations Petrus Advisers has made since 2017,” Petrus said in a statement.
Reporting by Tom Sims in Frankfurt; Writing by Thomas Seythal in Berlin; Editing by Michelle Martin
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