Deutsche Bank says prepares eight billion euro capital increase | Reuters

FRANKFURT Deutsche Bank (DBKGn.DE) is preparing for a potential capital increase of about 8 billion euros ($8.5 billion), it said in a statement on Friday. It is also examining several strategic measures, including retaining its Postbank unit and integrating it with its other German retail business as well as an initial public offering of a minority stake in its asset management business, it said. Implementation of these steps is subject to market conditions and approval by the management and supervisory boards, the bank said, adding that no decision had been made on the matter yet.

(Reporting by Arno Schuetze; Editing by Maria Sheahan)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date: Mar 04, 2017 03:48 AM

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