Deutsche Bank transfers 8.46% HeidelbergCement stake

Deutsche Bank AG has transferred its 8.46% holding in HeidelbergCement AG to its DB Value GmbH unit, based at Norderfriederischskoog for tax reasons, HeidelbergCement sources said.

The change was announced in stock exchange announcements both in Frankfurt and Brussels where HeidelbergCement is listed following a share exchange for shareholders in Belgium's CBR.