Deutsche Bank is expected to decide on strategy adjustments including a possible capital increase around the end of March following a regular supervisory board meeting on March 16-17, a source familiar with the matter said on Friday.
Shares in Deutsche Bank fell 3.2 percent on the news, which was first reported by Bloomberg.
Deutsche Bank did not immediately return calls seeking comment. Deutsche Bank is preparing for a potential capital increase of about 8 billion euros ($8.5 billion) as it seeks to strengthen its balance sheet and free up funds for strategic investments after years of restructuring.
In a statement on Friday, the bank said it was also examining several strategic measures including an initial public offering of a minority stake in its asset management business as well as retaining its Postbank unit and integrating it into its other German retail business.
These steps depend on market conditions and the approval of Deutsche Bank’s management and supervisory boards, the German flagship lender said, adding that no decision had been made on the matter yet. Earlier on Friday, a person close to the matter said that Deutsche Bank would soon inform investors and shareholders about adjustments to its future strategy. CNBC News
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