LONDON: Deutsche Bank now owns at least 7 percent in UK theme park resort company Merlin , according to a regulatory statement on Friday, after the bank failed to get rid of stock acquired as part of a secondary share placement earlier in the week.
Deutsche Bank on Monday launched the sale of 156,541,347 shares in the company on behalf of private equity funds CVC and Blackstone, representing 15.44 percent of Merlin's issued share capital.
The shares were priced at 417 pence each, valuing the placement at around 653 million pounds ($991.5 million).
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