FRANKFURT (dpa-AFX) - Deutsche Bank AG said Monday that its Management Board has resolved to execute a capital increase, which is intended to raise gross proceeds of about EUR 2.8 billion.
The purpose of the capital increase is to strengthen the equity capitalisation of the bank.
Deutsche Bank plans to issue up to 90 million new shares from authorised capital excluding pre-emptive rights. The new shares will have full dividend entitlement for the fiscal year 2012. They will be placed with institutional investors by way of an accelerated book build offering. There will be no public offering.
Additionally Deutsche Bank said it plans to strengthen its total capital structure via the potential issuance of additional subordinated capital instruments of up to EUR 2 billion over the next twelve months.
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