Archegos Capital Management in 2018 considered becoming the largest shareholder in Deutsche Bank by taking over a stake controlled by Chinese conglomerate HNA.
The family office, which imploded in 2021, received information about HNA’s stake that Archegos believed came from Deutsche chair Paul Achleitner, according to two people familiar with the matter.
Those people, and a third person with direct knowledge of the matter, added that Achleitner at the time was wooing Archegos co-founder Bill Hwang as the bank searched for an investor to replace HNA, which was in trouble and later collapsed.
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