January 2, 2003
Deutsche Bank sold holding in Buderus
Deutsche Bank announced today that it has sold its entire 7.47 % stake in Buderus AG, held through its subsidiary DB Value GmbH, to Robert Bosch GmbH. The transaction was booked in 2002. Total proceeds amount to approximately Euro 100 million of which more than half has an impact on P/L. This transaction is a further step in delivering against Deutsche Bank's declared policy of accelerated disposal of its remaining shareholdings in other listed companies.