Lubeck sells stake to Deutsche Bank

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Giant German bank Deutsche Bank is offering about €30m ($45m) for a 25.1% shareholding in Germany’s Baltic Sea port of Lubeck, one of Europe’s largest ferry ports and a major gateway to Scandinavia for RoRo and paper traffic. The Lubeck city council sought buyers for the quarter stake in port operating company LHG in November last year in a move to raise finance for new harbour investment.


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