Deutsche Bank to issue 40m new shares

The biggest German bank, Deutsche Bank, said Monday it will issue up to 40 million new shares to pay for its purchase of a stake in Postbank.
Deutsche Bank said it would raise around two billion euros (2.9 billion dollars) from the transaction, allowing it to maintain a "strong equity capitalisation" even after paying 2.8 billion for 29.75 percent of Postbank.
Details on the operation's timing were not provided, but Deutsche Bank said it would sell the shares quickly and directly to institutional investors.