Deutsche Bank (XETRA:DBKGn.DE/NYSE:DB) today reduced its stake in DaimlerChrysler AG from 10.4 per cent to 6.9 per cent. The bank placed 35 million shares with institutional investors. The proceeds are nearly EUR 1.4 billion, resulting in a pre-tax profit of approximately EUR 300 million.
The transaction forms part of Deutsche Bank’s ongoing policy of disposing of its remaining shareholdings in listed companies.
By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our trading revenues; potential defaults of borrowers or trading counterparties; the implementation of our Business Realignment Program; the reliability of our risk management policies, procedures and methods; and other risks referenced in our filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in our SEC Form 20-F of 24 March 2005 in the section "Risk Factors." Copies of this document are readily available upon request or can be downloaded from www.deutsche-bank.com/ir.