Troubled German lending giant Deutsche Bank hopes to complete the proposed partial flotation of its asset management arm before the end of the year , a source told Germany 's Deutsche Bank newspaper. The bank has set a deadline of the end of the year to get the deal through. The sale is part of plans to raise €10bn ($ up to € ) to pull the bank from financial mire. “Valuations are high and demand is strong.” A 20% to 30% stake in the firm could also be sold for 11bn 2.4bn, according to analysts.
Troubled German lending giant Deutsche Bank hopes to complete the proposed partial flotation of its asset management arm before the end of the year , a source told Germany 's Deutsche Bank newspaper. The bank has set a deadline of the end of the year to get the deal through. The sale is part of plans to raise €10bn ($ up to € ) to pull the bank from financial mire. A 20% to 30% stake in the firm could also be sold for 11bn 2.4bn, according to analysts.