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DIFC Investments, the investment arm of the Dubai International Financial Centre (DIFC), announced today that it has acquired a2.2% stake in Deutsche Bank, which according to publicly available market data makes it the largest external strategic shareholder in the international investment bank.
His Excellency Dr Omar Bin Sulaiman, Governor of the DIFC and Chairman of DIFC Investments said, "This is another strategic investment for DIFC and comes as a further step in the enhancement of our portfolio. We believe Deutsche Bank has a very solid, sustainable global growth strategy and the right management team to deliver on that strategy"
