Deutsche Bank to raise up to $2.2b in asset manager IPO

Deutsche Bank to raise up to $2.2b in asset manager IPO

A logo sits illuminated on Deutsche Bank AG headquarters office building in Frankfurt, Germany, on Monday, Nov. 6, 2017. Photographer: Krisztian Bocsi/Bloomberg

Deutsche Bank AG plans to raise as much as 1.8 billion euros ($2.2 billion) in an initial public offering of its asset-management unit, a key pillar of the German lender’s turnaround strategy.

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