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China’s Sovereign-Wealth Fund Interested in Buying HNA’s Deutsche Bank Stake

China’s sovereign-wealth fund and other large investors have expressed interest in potentially buying shares in Deutsche Bank AG from embattled Chinese conglomerate HNA Group Co., according to people familiar with the matter.

HNA, which is one of Deutsche Bank’s largest shareholders, is planning to unload its entire 7.6% stake in the German bank as part of a plan to shrink its global footprint, the Journal previously reported.

The potential buyers that were recently in contact with HNA include state-backed fund China Investment Corp., as well as Chinese state-owned financial institutions Citic Group, China Merchants Group and China Everbright Group, the people said. Some European and U.S. investors have also inquired about HNA’s stake in Deutsche Bank, they added.