Arab Today, arab today deutsche bank launches €8bn capital hike
Last Updated : GMT 11:26:44
Arab Today, arab today
Arab Today, arab today

Deutsche Bank launches €8bn capital hike

Arab Today, arab today

Arab Today, arab today Deutsche Bank launches €8bn capital hike

Berlin - AFP

Deutsche Bank said Sunday it was seeking to raise up to 8 billion euros ($11 billion) in fresh capital, in what would be the second biggest recapitalisation in the bank's history. The bank launched its biggest capital hike in 2010, when it sought 10 billion euros. In a statement, the bank said it would carry out the recapitalisation in two phases, first by raising 1.75 billion euros from one single investor -- Paramount Holdings Services, an investment vehicle owned by a member of the Qatari royal family. The second phase of the recapitalisation will be carried out through a sale of 300 million shares reaching 6.3 billion euros. "The package of measures we are announcing today represents a decisive response to both the challenges and the opportunities in a changing macro-economic, competitive and regulatory environment," said Juergen Fitschen and Anshu Jain, co-chief executive officers of the bank in a statement.

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Arab Today, arab today deutsche bank launches €8bn capital hike Arab Today, arab today deutsche bank launches €8bn capital hike

 



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