Deutsche Bank Set for €300 Million Capital Gain From Italy Sale
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Deutsche Bank AG is set to post a capital gain of more than €300 million ($292 million) in the fourth quarter after completing the sale of its Italian financial promoters network to Zurich Insurance Group AG, according to people familiar with the matter.
The German lender will book the gain as additional revenue in the final quarter of the year, said the people, asking not to be named because the matter isn’t public.