(Bloomberg) Deutsche Bank AG formally announced its intention to sell shares in its asset management business in an initial public offering, a key piece in Chief Executive Officer John Cryan’s plan to raise capital and grow the investment unit. The IPO will take place “in the earliest available window,” the bank said Monday. Deutsche Bank didn’t indicate how much it plans to raise, though people familiar with the plan previously said the lender expects to sell a 25 percent stake for about 2 billion euros ($2.5 billion).

To read this article: