UPDATE 1-Deutsche to cut DaimlerChrysler stake under 5 pct

Newswire

(Adds background, detail) FRANKFURT, Nov 22 (Reuters) - Deutsche Bank is selling almost one third of its stake in DaimlerChrysler , a move that is set to leave it with less than 5 percent in the German carmaker, the bank said on Tuesday. The bank said that it intended to sell 20 million shares in DaimlerChrysler to investors, amounting to a roughly 2 percent stake in the carmaker. It now owns 6.9 percent. The sale closes a long chapter in Daimler's ownership history, as Deutsche has ...

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