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Deutsche Bank Said Near Full Takeup for $8.5 Billion Offer

  • Investors said to agree to exercise more than 95% of rights
  • The shares are trading well above their price in the offering
Updated on

Deutsche Bank AG is poised to receive orders for almost all of the 8 billion euros ($8.5 billion) of stock on offer to investors as the sale draws to a close, according to people familiar with the matter.

Investors have pledged to buy more than 95 percent of the stock on sale in the rights offer, which ends Thursday, said the people, asking not to be identified because the details aren’t public. About 80 percent of existing investors decided to participate in the capital increase, with some opting to boost their exposure and new investors buying the rest, said one person.