This transaction forms part of Deutsche Bank's ongoing policy of disposing of its remaining shareholdings in listed companies.
Deutsche Bank has also agreed with the two buyers of the Südzucker shares that it will not sell more Südzucker shares on the capital market without their approval before the beginning of 2005. This agreement gives the buyers the possibility of buying more Südzucker shares from Deutsche Bank.
Deutsche Bank holds its remaining 4.8 percent stake in Südzucker AG through its 100 percent subsidiary DB Value GmbH. Süddeutsche Zuckerrübenverwertungs-Genossenschaft will have a 56 percent shareholding and Raiffeisen-Holding Niederösterreich-Wien Group a 10 percent stake in Südzucker AG.