Germany's Post exits Deutsche Bank stake

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Deutsche Post holding in German flagship cut to zero

* Post shares down 1.5 pct, D Bank off 2.6 percent

FRANKFURT, July 6 (Reuters) - Deutsche Post AG has sold its entire stake in Deutsche Bank AG, the logistics group said on Monday, ending a brief period when it was one of the bank's biggest shareholders. Post Chief Executive Frank Appel said in a statement the move cleared the way for the German post office turned global logistics group to concentrate on its core business.

Deutsche Post briefly had a stake of as much as 8 percent in Deutsche Bank, as part of a deal to sell German retail bank Deutsche Postbank AG.

The postal group initially said the Deutsche Bank shares it had owned were now in the hands of a number of investors, but it later withdrew the comments.

Deutsche Bank stock slipped 2.7 percent, while Post shares were trading down 1.4 percent at 1144 GMT. (Reporting by John O'Donnell; Editing by David Holmes)