Deutsche Bank is planning to sell its stake in Dubai-based private equity firm Abraaj, which is involved in alleged misuse of investor money. The PE firm, which is the largest in Middle East and Africa region is fighting with its investors over several disputes. Deutsche Bank, which is restructuring itself and is cutting staff, has an 8.8% stake in Abraaj Holdings. The bank says the holding in the PE firm is a non-core asset. The bank is reported to have sought a valuation be done of its shareholding about 2 years ago.
