Axel Springer shareholder sells 2.8 percent stake: bank

FRANKFURT (Reuters) – Good Media Investment Holdings SARL is selling its 2.8 percent stake in German publisher Axel Springer AG, Deutsche Bank said on Tuesday.

The shares are being offered via an accelerated bookbuilding procedure for which Deutsche Bank is acting as sole bookrunner, the bank said.

(Reporting by Ludwig Burger- editing by Tom Pfeiffer)