Deutsche Bank buys TUI stake from WestLB

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GERMANY - Speculation was realised today with WestLB announcing it has sold its 31.3% stake in TUI to Deutsche Bank, which plans to sell 14% to institutional investors in Europe and the US.

The amount for which the stake was sold is being kept under wraps. Announcing the sale, WestLB said: “The purchaser plans to place the shares in the market and with strategic investors. Both par...

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