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Deutsche Bank kicks off asset management unit's IPO

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Deutsche Bank expects to sell a 25 per cent stake in the unit for about 2 billion euros.

Frankfurt

DEUTSCHE Bank AG on Monday formally announced its intention to sell shares in its asset management unit, kicking off a what is usually a four-week run-up to the initial public offering.

The IPO will take place "in the earliest available window", the bank said in a

sentifi.com

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