Deutsche Bank plans a significant capital hike alongside the flotation of its asset management holding and further restructuring from asset disposals, Germany’s biggest lender said on Sunday.
The 8 billion ($8.5 billion) capital raise will be launched on March 21, the bank said in a statement, and undertaken via the issuance of new shares with subscription rights for existing investors.
Meanwhile, the embattled firm estimates an additional 2 billion ($2.1 billion) could be raised through the disposal of non-core assets and the partial flotation of its minority stake in Deutsche Asset Management.
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