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UPDATE 1-Deutsche Bank announces listing of asset management arm DWS [Reuters (UK)]

BARCLAYS (BCS)  More Company Research Source: Reuters
PDF Deutsche Bank announces listing of asset management arm DWS | Reuters Reuters Staff 3 Min Read FRANKFURT (Reuters) - Deutsche Bank ( DBKGn.DE ) on Monday said it plans to float its asset management arm DWS on the Frankfurt stock exchange, as it fights to regain investor trust afters years of scandals and restructuring. Germany’s flagship lender did not specify a date for the listing, but sources close to the matter said last week that the initial public offering (IPO) would likely take place in the week of March 19. The bank is expected to sell 25 percent of existing DWS shares for 1.5 billion to 2 billion euros ($1.9 billion to $2.5 billion), the sources said. There were other IPO announcements in Europe on Monday, as well, including from Dutch bank NIBC and wholesaler B&S Group and French firm Vente-Unique. Deutsche Bank announced in March 2017 that it would list a minority stake in its asset management arm as part of a broader overhaul following costly lawsuits and trading scanda [Read more]

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