Hamad Bin Jasim Takes Major Deutsche Bank Stake

Just weeks after one of his investment vehicles bought Nigeria-focused Heritage Oil for $1.6bn, Qatar’s Shaikh Hamad bin Jasim Al Thani has committed about $2.4bn to Deutsche Bank as an anchor investor.

Deutsche Bank this week announced that it intends to raise about €8bn from investors, which includes as part of it, a €1.75bn investment by a vehicle owned by Qatar’s renewed power player Shaikh Hamad bin Jasim. In a statement, the German bank said: “Deutsche Bank placed approximately 60 million shares at a price of EUR 29.20 per share with Paramount Holdings Services Ltd, an investment vehicle owned and controlled by [Shaikh Hamad bin Jasim Al Thani] of Qatar, who intends to remain an anchor investor in Deutsche Bank.” (CONTINUED - 736 WORDS)