Deutsche Bank To Sell 90 Million Shares To Raise €2.8bn

Deutsche Bank AG (ETR:DBK) (FRA:DBK) (NYSE:DB) has announced plans to sell 90 million units of common stock in a bid to raise €2.8 billion. The company revealed the news in a press release that can be found in its entirety at here. According to the official statement, the bank needs to raise capital in order to strengthen its equity capitalization. Deutsche Bank AG (ETR:DBK) (FRA:DBK) (NYSE:DB) currently has 928.1 million outstanding shares, meaning that the new issuance is relatively large. The firm’s current worth is just over $35.5 billion, around €30.5 billion. The new shares will not be offered to…