Deutsche Bank Considering Asset Management Unit IPO
Posted: Thu Oct 06, 2016 11:44 am
Deutsche Bank is reported to be working on a public listing of its asset management division to rebuild its capital buffers, according to sources cited by the Financial Times today.
Join the industry leaders at the Finance Magnates London Summit, 14-15 November, 2016. Register here!
The German lender has yet to make final decision about the potential float of a minority stake in its asset management unit and it is unlikely to occur before the first half of next year, say sources.
This latest move is one of several ideas being floated by Deutsche as it looks towards agreeing a multi-billion ... (read more)