NEW YORK (Reuters) - Deutsche Bank AG is considering a stock sale to raise up to 9 billion euros ($11.4 billion), Bloomberg reported on Thursday citing three sources.
The German bank has reportedly approached investment banks to gauge their interest in managing the stock sale, the sources said.
The proceeds may be used to buy a bigger stake in Deutsche Postbank AG
Deutsche Bank, which currently owns just below 30 percent of Deutsche Postbank, has an option to take a majority stake in the Bonn-based lender by February 2012 via a convertible bond.
Deutsche Postbank Chief Executive Stefan Juette told a banking conference on Thursday he did not know when or whether Deutsche Bank would increase its stake.
Deutsche Bank declined to comment on the report.
(Reporting by Helen Kearney, editing by Matthew Lewis)
