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Deutsche Bank says prepares eight billion euro capital increase
March 3, 2017 / 9:38 PM / 5 months ago

Deutsche Bank says prepares eight billion euro capital increase

Deutsche Bank CEO John Cryan addresses the bank's annual news conference in Frankfurt, Germany, February 2, 2017.Kai Pfaffenbach - RTX2ZA8R

FRANKFURT (Reuters) - Deutsche Bank (DBKGn.DE) is preparing for a potential capital increase of about 8 billion euros ($8.5 billion), it said in a statement on Friday.

It is also examining several strategic measures, including retaining its Postbank unit and integrating it with its other German retail business as well as an initial public offering of a minority stake in its asset management business, it said.

Implementation of these steps is subject to market conditions and approval by the management and supervisory boards, the bank said, adding that no decision had been made on the matter yet.

Reporting by Arno Schuetze; Editing by Maria Sheahan

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