Deutsche Pfandbriefbank to acquire an 89.9% stake in Deutsche Investment Group.

Deutsche Pfandbriefbank, a financial institution, agreed to acquire an 89.9% stake in Deutsche Investment Group, a German-based investment and asset manager that specializes in real estate investments. Financial terms were not disclosed. With this acquisition, we are laying a strong foundation for the further expansion of our investment management, which will complement our core business of commercial real estate financing in Europe in the future. The withdrawal from the US markets will have a considerable negative impact on our result this year. However, our continued strong capital ratio shows that we can shoulder this strategic decision well. We expect to significantly reduce our risk positions in the coming months," Kay Wolf, Deutsche Pfandbriefbank CEO.