Deutsche Post World Net AG’s unit Postbank AG is reducing the size of its planned IPO to 1.5-2.0 bln eur from an earlier estimated 3 bln, Handelsblatt said, citing banking sources.
It said the number of shares to be sold would be smaller than planned.
Postbank has said it wants a listing before mid-July, and previously hoped to raise 2.5-3 bln eur from the share sale.
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