Deutsche Bank stake in DaimlerChrysler slips

Newswire

FRANKFURT, July 30 (Reuters) - Deutsche Bank reduced its stake in carmaker DaimlerChrysler to 10.4 percent from 11.5 percent during the second quarter, the German financial services group said on Friday. The transaction had scant impact on after-tax earnings, however, because the book gain was more or less absorbed by taxes, it added. Deutsche Chief Executive Josef Ackermann has made divesting non-core stakes a priority for the bank, and the Daimler shares mark one of Deutsche's last big ...

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