Not sure if this will affect the DAX
http://www.zerohedge.com/news/2014-...apital-will-sell-€8-billion-stock-30-discount
will be interesting to see the effect..it is 5% of the dax..
"Deutsche Bank placed approximately 60 million shares at a price of EUR 29.20 per share with Paramount Holdings Services Ltd.,"
So they have already started the capital raising? Friday close was 30.74 - so he got his 60m at 5% discount.
"And the punchline: Bank’s new shares may be sold with 25%-30% discount."
can't find any article/press release where they actually talk about price..
"Additionally, through the rights issue, Deutsche Bank expects to issue up to 300 million new shares. "
Current amount of shares is 1.02b..so shareholders will be diluted by 30%..is this why they claim price will be at a 25-30% discount?