Deutsche cash call to fund Commerz merger far from certain
Shares in Deutsche Bank, the largest bank in Germany, fell as much as 4.5% on Thursday after reports that it is considering raising fresh equity capital to finance its potential merger with Commerzbank, two years after its last €8bn rights issue.
Under plans reported by the Financial Times, Deutsche Bank is said to be mulling another capital raise sized at between €3bn to €10bn. Deutsche Bank’s current market capitalisation is €15bn and the bank has raised almost €30bn of equity capital since 2010 through three successive rights issue....
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