Capital News

The Deutsche Bank has announced in a mandatory release under the Securities Trading Act that on 15 September it had passed the threshold of three percent of its own shares and now held 3.03 percent of outstanding shares. The papers were purchased in the spot market. The Bank intends to use the repurchased shares to meet obligations under stock-based compensation. The bank had lowered the variable components of employee compensation for the previous fiscal year and raised the fixed salaries.

After the price drop in its shares, GAGFAH had by 4 October repurchased 75 million euros worth of its own shares. The real-estate group tried to induce investors troubled by exchange losses to accept the offer by threatening to take the shares off the stock market. A small free float makes deletion from the exchange list possible. A delisting is probably, from the Board’s perspective, in the best long-term interests of the company. The offer was not subject to the regulations of the German Takeover Act and has not been presented to BaFin.