Deutsche Bank receives offer for China bank stake

April 23, 2015 3:44 PM

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HONG KONG, April 23 (Reuters) - Deutsche Bank has received at least one offer from a Chinese financial institution to buy the German bank's 20 percent stake in Hua Xia Bank , though a deal is not within reach yet, sources familiar with the matter told Reuters.

Deutsche is considering selling the Chinese bank stake, which is valued at about $4.8 billion, although no final decision on a potential divestment has been taken, the sources said, declining to be identified as the discussions are confidential.

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