"The executive board of Deutsche Bank has decided unanimously today not to take a stake in Bundesliga club Borussia Dortmund at the moment, following an appraisal process over a longer period of time," a spokesman said in a written statement.
He declined to comment further.
Two people familiar with the matter told Reuters earlier on Friday that Deutsche was considering taking a stake or entering a marketing alliance with the football club.
(Reporting by Ludwig Burger, editing by David Evans)
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