Deutsche Bank Plans $11.5 Billion Share Sale

Deutsche Bank (DB), Germany's largest lender, is to announce a share sale worth as much as 9 billion euros ($11.5 billion) as it prepares for tighter regulations and aims to purchase a larger stake in Postbank.

The plan may be announced early next week, The New York Times reported without naming its sources. Also next week, the Basel Committee on Banking Supervision may decide that banks should hold bigger capital reserves.

Sponsored Links
Deutsche had previously said that any share issue would be used to fund a major acquisition.

Deutsche currently owns 29.9% of Postbank, a lender with a market capitalization of 5.9 billion euros. Deutsche also owns options on a further 12.1% of Postbank, and entered into a bond deal that obligates it to buy a further 27.4% of Postbank's shares in 2012.

Read Full Story

Markets

DJIA 20,937.91 43.08 0.21%
NASDAQ 6,138.71 5.09 0.08%
S&P 500 2,398.42 4.40 0.18%
NIKKEI 225 19,613.28 -65.00 -0.33%
HANG SENG 25,403.15 11.81 0.05%
DAX 12,659.15 39.69 0.31%
USD (per EUR) 1.12 -0.01 -0.50%
USD (per CHF) 0.98 0.00 0.33%
JPY (per USD) 111.77 0.89 0.80%
GBP (per USD) 1.30 0.00 -0.26%

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.