Deutsche Bank has sold its entire 5.6% stake in HeidelbergCement, the German cement firm, as part of its strategy to divest non-core industrial holdings.

A Deutsche Bank spokeswoman said the HeidelbergCement shares had been sold to institutional investors for an undisclosed price. She said the bank raised "a small-digit million amount" from the sale. The stake would have been worth around €164m (€180m) based on Wednesday's closing share price of €30.25 a share.

Deutsche Bank sells its 5.6% stake in HeidelbergCement

Caroline Muspratt

Deutsche Bank

HeidelbergCement

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