January 7, 2020 / 11:53 AM / 14 days ago

Petrus Advisers sells 8% stake in Comdirect to Commerzbank

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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