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Deutsche Bank crosses 7 pct stake in Merlin after share sale - filing

Reuters - UK Focus

LONDON, March 6 (Reuters) - Deutsche Bank (Xetra: 514000 - news) now owns at least 7 percent in UK theme park resort company Merlin , according to a regulatory statement on Friday, after the bank failed to get rid of stock acquired as part of a secondary share placement earlier in the week.

Deutsche Bank on Monday launched the sale of 156,541,347 shares in the company on behalf of private equity funds CVC (Taiwan OTC: 4744.TWO - news) and Blackstone (NYSE: BX - news) , representing 15.44 percent of Merlin's issued share capital.

The shares were priced at 417 pence each, valuing the placement at around 653 million pounds ($991.5 million). ($1 = 0.6586 British Pounds) (Reporting By Freya Berry; editing by Pamela Barbaglia)