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Deutsche Bank Seeks $8.6 Billion Selling Shares at 35% Discount

Deutsche Bank Seeks $8.6 Billion Selling Shares at 35% Discount

Monday, March 20, 2017, 7:23 AM

Deutsche Bank will raise 8 billion euros ($8.6 billion) by selling stock at a 35 % discount to last week’s closing price as Germany’s largest lender seeks to shore up its finances and boost growth. The company will issue 687.5 million new shares at 11.65 euros apiece, in-line with the firm’s March 5 announcement on the planned sale.
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