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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Barclays    BARC   GB0031348658

BARCLAYS (BARC)
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Delayed Quote. Delayed  - 01/18 05:35:22 pm
199.3 GBp   +0.39%
01/18 BARCLAYS : Form 8.3- INTU PROPERTIES PLC
01/18 BARCLAYS : Form 8 (DD) - INFORMA PLC
01/18 BARCLAYS : Form 8.5 (EPT/NON-RI) - INFORMA PLC
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Deutsche Bank picks asset-management IPO bookrunners -source

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11/11/2017 | 04:49pm CET
FILE PHOTO : Logos of Deutsche Bank AG are seen in Tokyo

Deutsche Bank (>> Deutsche Bank) has selected Barclays , Citigroup (>> Citigroup) and Credit Suisse as senior bookrunners for the initial public offering (IPO) of its asset-management arm, a source familiar with the matter told Reuters on Saturday.

Deutsche Bank (>> Deutsche Bank) has selected Barclays <BARC.>, Citigroup (>> Citigroup) and Credit Suisse <CSGN.> as senior bookrunners for the initial public offering (IPO) of its asset-management arm, a source familiar with the matter told Reuters on Saturday.

A spokesman for Deutsche Asset Management declined to comment on the selection of bookrunners, which was first reported on Friday by Bloomberg.

Deutsche Bank, which will be the main bookrunner, said in March it planned to list the asset management arm, which could achieve a total valuation of around 8 billion euros (7.07 billion pounds), within two years as part of an overhaul following costly lawsuits and trading scandals.

It is expected to raise about 2 billion euros from listing about a quarter of the business.

The junior bookrunners helping to market the IPO to investors will be BNP Paribas (>> BNP Paribas), Unicredit (>> UniCredit SpA), UBS (>> UBS Group), Morgan Stanley (>> Morgan Stanley) and ING (>> ING Groep).

"The decision in favour of these banks has already been taken," the person said.

(Reporting by Andreas Framke; Editing by Georgina Prodhan and Alexander Smith)

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Financials ( GBP)
Sales 2017 21 220 M
EBIT 2017 5 757 M
Net income 2017 -1 095 M
Debt 2017 -
Yield 2017 1,54%
P/E ratio 2017 -
P/E ratio 2018 14,14
Capi. / Sales 2017 1,60x
Capi. / Sales 2018 1,53x
Capitalization 33 868 M
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 2,13  GBP
Spread / Average Target 7,1%
EPS Revisions
Managers
NameTitle
James Edward Staley Chief Executive Officer & Director
Jonathan P. Moulds Group Chief Operating Officer
Michael R. Harte Chief Operations & Technology Officer
Tushar Morzaria Group Finance Director & Executive Director
Reuben Jeffery Independent Non-Executive Director
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