Deutsche Bank has reduced its accumulated 27.6% shareholding in Nürnberger Beteiligungs-Aktiengesellschaft, Nuremberg, to under 5%, as announced. The sale took place in several transactions to Münchener Rückversicherungs-Gesellschaft, Munich; K.G. Techno-Einkauf GmbH & Co., Norderstedt; and other investors. Deutsche Bank will maintain its cooperation with Nürnberger and continue to offer its products through the insurance company.
Dr. Rolf-E. Breuer, Spokesman of the Board of Managing Directors of Deutsche Bank AG, commented on the reduction of the shareholding in Nürnberger: "Subsequent to the sale of the Deutscher Herold Group, Deutsche Bank is steadily pursuing its policy of concentrating on its core areas of business."