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Deutsche Bank prepares multi-billion euro share sale -sources
May 18, 2014 / 4:11 PM / 3 years ago

Deutsche Bank prepares multi-billion euro share sale -sources

FRANKFURT, May 18 (Reuters) - Deutsche Bank is preparing a multi-billion euro capital increase at a meeting on Sunday of its supervisory board that is discussing a new strategic direction for Germany’s largest bank, sources told Reuters.

German newspaper Handelsblatt, citing unnamed sources, reported earlier that Deutsche Bank planned to raise 8 billion euros in equity capital and get a new major shareholder.

Reporting by Alexander Huebner; Writing by Andreas Cremer; Editing by Robin Pomeroy

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