Deutsche Bank (DB), Germany's largest lender, is to announce a share sale worth as much as 9 billion euros ($11.5 billion) as it prepares for tighter regulations and aims to purchase a larger stake in Postbank.

The plan may be announced early next week, The New York Times reported without naming its sources. Also next week, the Basel Committee on Banking Supervision may decide that banks should hold bigger capital reserves.

Deutsche had previously said that any share issue would be used to fund a major acquisition.

Deutsche currently owns 29.9% of Postbank, a lender with a market capitalization of 5.9 billion euros. Deutsche also owns options on a further 12.1% of Postbank, and entered into a bond deal that obligates it to buy a further 27.4% of Postbank's shares in 2012.


Increase your money and finance knowledge from home

Socially Responsible Investing

Invest in companies with a conscience.

View Course »

Investing in Startups

The lucrative and risky world of startups.

View Course »

Add a Comment

*0 / 3000 Character Maximum