Deutsche Bank

CDB Leasing Co, an arm of China Development Bank, is planning to raise around $1bn via a Hong Kong IPO in the first half of 2016, with three banks expected to lead the transaction.

The third largest takeover is on. Brewer SABMiller has agreed to be bought by Anheuser-Busch InBev for £68bn, in a deal that shows continued investment confidence in Africa — one of the main attractions of SABMiller for InBev, which is weak in the continent — bucking the trend of pullback from emerging markets.

China Merchants Bank (CMB) and Deutsche Bank signed a memorandum of understanding (MOU) on global banking services on October 12. The agreement aims to facilitate CMB’s expansion under the Belt and Road initiative by leveraging Deutsche worldwide network and global infrastructure, Tang Zhi Hong, executive vice president of China Merchants Bank, told GlobalRMB.

Bravida, the Swedish electrical, heating, plumbing and ventilation systems installer, narrowed the price range of its IPO on Tuesday morning, inside the top half of the original range, meaning the deal is likely to raise at least Skr2.8bn (€305m).

Metro Retail Stores Group started pre-marketing its Ps5.61bn ($119.90m) IPO on Monday, with joint global co-ordinators BPI Capital and Deutsche Bank expected to meet investors over the week.

Landsbankinn was set to walk away with €300m of three year money on Monday, but bankers said investor confidence even after a stronger week of trading remains low.

French energy project management engineering and construction company Technip has pulled back from a potential bond offering, blaming volatile markets for its decision.

Every time it looks like the post-crisis reshaping of the financial system is over, banks seem to realise there’s much more still left to do.

Deutsche Bank took the criticisms of its ‘Strategy 2020’ plan — announced in April by then co-CEO Anshu Jain and followed shortly thereafter with his resignation — dead seriously, preparing investors for a shocking third quarter loss as it prepares to divulge new details on the plan.

Two previously long and prominent themes of the European financial market have completed a reversal in the past week, with the iTraxx Senior Financials index trading inside the Europe Main index and credit outperforming equity.

German businesses Schaeffler and Covestro successfully completed their initial public offerings this week after having scaled back on their targeted deal sizes.

Bravida, the Swedish plumbing, heating and electricals group, this week launched the bookbuilding phase of its initial public offering in Stockholm.