HNA Group now owns a 9.92% stake worth $3.7bn in Deutsche Bank and has overtaken the Qatari royal family to become the German bank's largest shareholder, in another example of China's growing influence in global finance. This is one of many global moves by the ultra-acquisitive Chinese conglomerate, who's interests extend to sectors including hotels, technology and airlines. The deal will also give China access to Germany's biggest bank, which was previously blocked from doing business with Iran.
HNA Group now owns a 9.92% stake worth $3.7bn in Deutsche Bank and has overtaken the Qatari royal family to become the German bank's largest shareholder, in another example of China's growing influence in global finance. This is one of many global moves by the ultra-acquisitive Chinese conglomerate, who's interests extend to sectors including hotels, technology and airlines. HNA held just over 3% of the company in February.