FRANKFURT / M. -. The German Bank AG on 7 September, the threshold of 15 percent of the voting rights of Air Berlin PLC exceeded. That the bank had Tuesday announced a mandatory release. now holds the German Bank 16.36 per cent stake in Germany's second largest airline. In recent weeks, there was in the market environment repeatedly enter speculation that Ryanair or Air France-KLM, Air Berlin and the German bank would have charged to the share purchase.
In July and August increased the German bank gradually your shares in the airline. An Air Berlin spokesman said in July that the bank has purchased, "according to our findings," ten percent in the third order. He could not say whether the purchases may be behind the Irish budget airline Ryanair and the largest European airline Air France-KLM.
The Air Berlin share price fell from around 20 euros in early May in the past weeks to the current level of about 12 €. Today the shares rose in Xetra trading at the opening of more than five percent to 13 euros, but then gave some of the gains again.
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