FRANKFURT, Dec 28 Deutsche Bank has agreed to sell its 20 percent stake in China's Hua Xia Bank to PICC Property and Casualty Co for up to 3.7 billion euros ($4.1 billion) as part of an overhaul of Germany's biggest lender.
"As we execute on Deutsche Bank's strategic agenda, now is the right time for us to sell this investment," Deutsche Bank Chief Executive John Cryan said in a statement on Monday.
07:15 Telefonica to sell up to 40 percent of Telxius to KKR for 1.3 billion euros18
09:14 Airbus seeks new talks with European nations over A400M costs15
14:29 Unilever rejects $143 billion Kraft Heinz bid as without merit20
12:33 Kraft Heinz to pursue merger despite Unilever rejection19