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.
